Morgan Stanley (MS.N) Key Developments |
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Morgan Stanley (MS.N)

MS.N on New York Stock Exchange

24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Fitch affirms Morgan Stanley's long-term IDR at 'A'
Tuesday, 14 Jun 2016 04:33pm EDT 

Fitch: Fitch affirms Morgan Stanley's long-term IDR at 'A'; outlook stable .Fitch says it "views favorably MS's more balanced business model across wealth management, investment management and capital markets activities".  Full Article

ONESavings Bank sells Rochester interest for 104 mln stg
Friday, 3 Jun 2016 12:58pm EDT 

Onesavings Bank Plc : Now agreed sale of its entire economic interest in Rochester Financing No.1 Plc securitisation . Sale for for a total consideration of £104m . Transaction generated an exceptional pre-tax gain of c.£35m subject to finalisation of fees .One Savings Bank Plc : confirmation of disposal of economic interest in Rochester Financing No. 1 Plc.  Full Article

Onesavings Banks says disposes economic interest in Rochester Financing No. 1
Thursday, 26 May 2016 08:41am EDT 

Onesavings Bank Plc : Selling its entire economic interest in Rochester Financing No.1 Plc to Morgan Stanley .Deal will result in a consideration of not less than £95 million in cash; is expected to generate exceptional pre-tax gain of at least £25 million.  Full Article

Opus Bank says 8,000 Morgan Stanley client IRA to be transferred to PENSCO
Thursday, 19 May 2016 07:00am EDT 

Press Release : Says about 8,000 existing morgan stanley client IRA will be transferred in bulk to pensco at start of june of 2016 .Opus bank announces its pensco trust subsidiary entered into agreement to become successor custodian for morgan stanley retirement account clients invested in alternative assets.  Full Article

Marketo said to be working with Morgan Stanley on possible sale- Bloomberg
Tuesday, 10 May 2016 03:02pm EDT 

: Marketo Inc is working with Morgan Stanley to explore strategic alternatives including a potential sale- Bloomberg, citing sources Source ( Further company coverage: [ ] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

California AG sues Morgan Stanley over - Reuters News
Friday, 1 Apr 2016 03:35pm EDT 

Morgan Stanley:California attorney general says she sued Morgan Stanley over false claims, securities violations tied to mortgage debt - RTRS.California ag kamala harris says Morgan Stanley misled investors about residential mortgage-backed securities.Harris says misrepresentations caused major losses to investors including California's public pension funds.  Full Article

Morgan Stanley - UBS, others reach $103 million muni bond rigging settlements - Reuters
Wednesday, 24 Feb 2016 10:38pm EST 

Morgan Stanley:UBS AG and five other banks and brokerages agreed to pay roughly $103 million to settle claims that they conspired to rig prices for U.S. municipal securities.Wednesday's accords include payments of $100.5 million to investors. Two of the defendants, France's Natixis SA and Societe Generale, also agreed to pay $2.8 million to resolve related claims by 21 U.S. states and Washington, D.C.If approved by a federal judge, the private settlements would end nearly eight years of class action litigation, and result in more than $226 million of payouts from 11 defendants, led by $44.6 million from JPMorgan Chase & Co.Several banks have during that time also agreed to pay more than $740 million, led by JPMorgan's $228 million, to resolve related probes by the U.S. Department of Justice and state regulators. At least 17 people were convicted or pleaded guilty, the Justice Department has said.Wednesday's private settlements included $32 mln with UBS, $28.45 mln with Natixis, $25.41 mln with Societe Generale, $9.75 mln with Piper Jaffray Cos, $3.5 mln with Royal Bank of Scotland Group Plc's National Westminster Bank, and $1.4 mln with George K. Baum & Co, court papers show.Other defendants that have settled with investors and regulators are Wells Fargo & Co WFC.N, Bank of America Corp BAC.N and General Electric Co GE.N, UBS has also settled with regulators, and Morgan Stanley MS.N with investors.  Full Article

Globe/wire say SEC settles with Morgan Stanley - CNSWCH
Wednesday, 23 Dec 2015 04:33pm EST 

Morgan Stanley:The Globe and Mail reports in its Wednesday edition that Morgan Stanley will pay $8.8-million (U.S.) to settle charges that one of its portfolio managers conducted prearranged trades that favoured some clients' accounts over others. - CNSWCH.A Reuters dispatch to The Globe quotes the Securities and Exchange Commission as saying Tuesday that portfolio manager, Sheila Huang, agreed to be barred from the industry and pay a $125,000 (U.S.) penalty - CNSWCH.Societe Generale broker who assisted Ms. Huang in the schemes also agreed to be barred. - CNSWCH.Neither Morgan Stanley nor Ms. Huang admitted or denied the SEC's findings. Ms. Huang can seek permission to work in the industry again in 2020. - CNSWCH.Prearranged trading, or "parking," is a fraudulent practice that can give advantages to some investors over others, including better pricing and the elimination of risk. - CNSWCH.In one scheme, Ms. Huang - while managing accounts that needed to liquidate certain positions - arranged sales of mortgage-backed securities at predetermined prices to the trader at the Societe Generale brokerage unit, SG Americas. - CNSWCH.The arrangement would enable her to buy back the positions at a small markup into other accounts that Morgan Stanley advised, the SEC said. - CNSWCH.  Full Article

Morgan Stanley plans to trim as many as 5 pct of its stock-trading employees early in 2016 - WSJ, citing sources - Reuters
Thursday, 17 Dec 2015 05:50pm EST 

Morgan Stanley:Morgan Stanley MS.N: * Morgan Stanley plans to trim as many as 5% of its stock-trading employees early in 2016 - WSJ.cuts at Morgan Stanley will affect about 100 people globally and are based solely on performance - WSJ, citing sources.  Full Article

Morgan Stanley begins layoffs in credit division -sources - Reuters
Wednesday, 9 Dec 2015 12:30pm EST 

Morgan Stanley:Morgan Stanley this week cut staff covering short-term credit and regional broker-dealers, after a quarter in which the bank posted a 42 percent drop in bond trading, several sources told Reuters - RTRS.The sources blamed the shakeup at the No. 6 U.S. bank by assets on tougher capital rules, mounting competition from faster and cheaper trading on electronic systems and expectations that the Federal Reserve will raise U.S. interest rates next week for the first time in nearly a decade - RTRS.The decision to downsize followed one of Morgan Stanley's slowest quarters for bond trading since the global credit crunch - RTRS.Morgan Stanley's short-term credit desk, including its commercial paper business, has seen extensive cutbacks, they said - RTRS.Morgan Stanley has also significantly reduced the number of bond sales people who cover smaller, regional broker-dealers, they added, although the bank will continue to cover these types of clients - RTRS.  Full Article


Morgan Stanley denies has begun moving 2,000 staff out of London

LONDON Morgan Stanley denied it had begun moving 2,000 investment banking staff out of London, rejecting earlier media reports following Britain's historic vote to leave the European Union.