Morgan Stanley Admits Wrongdoing In $8 Million Lawsuit; Change Its Executive
Morgan Stanley has settled the lawsuit and admits its fault in its offer of single inverse ETF investments to its clients.
Morgan Stanley has settled the lawsuit and admits its fault in its offer of single inverse ETF investments to its clients.
The Federal Reserve corrects a letter it sent to Morgan Stanley regarding its "living will," which is a plan showing to regulators that they can go through bankcruptcy without cost to taxpayers.
UBS AG has agreed to pay $69.8 million to NCUA in settling a lawsuit centering selling of faulty residential mortgage based securities. Prior to that, Royal Bank of Scotland, Barclays, Wachovia, Morgan Stanley and other accused financial institutions have also settled respective lawsuits with NCUA. However, all the settlements have taken place through realization of incurred losses from the faulty RMBS products.
Netflix took the crown and got the number one spot on Morgan Stanley's sixth annual survey for the video streaming industry. Netflix's original content draws more subscribers and retain existing ones.