Feb 4 Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit over mortgage-backed securities.
The Wall Street bank will add $150 million to its legal reserves as a result of the settlement with the Federal Housing Finance Agency, Morgan Stanley disclosed in a regulatory filing on Tuesday. ()
The addition to reserves will reduce Morgan Stanley's earnings from continuing operations by 5 cents for the fourth quarter.
Morgan Stanley reported stronger-than-expected fourth quarter results on Jan. 17.
Morning News Call - India, June 29
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06292017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:00 am: SEBI Chairman Ajay Tyagi, Reliance Group Chairman Anil Ambani at AMFI Mutual Fund Summit in Mumbai. 10:00 am: Punjab National Bank annual shareholders meet in New Delhi. 11:15 am: Po