Morgan Stanley's net revenues reached $9.7 billion for the second quarter ending June 30, 2015, compared with $9.9 billion in the first quarter of 2015 and $8.6 billion a year ago, according to the company’s second quarter earnings statement released Monday. Morgan Stanley noted that their revenues for the second quarter reflect robust performance in equity sales and trading, strong results in investment banking, and continued progress in fixed income and commodities sales and trading.
Read More »Single-Family Rental Market Experiencing Shift Toward South and Midwest
Over the past two years, the SFR mortgage-backed securities market for single family rentals has grown rapidly, the CoStar reported. Institutional owners have brought 18 of these transactions to a total market value of $9.8 billion.
Read More »Morgan Stanley Says It Might Settle MBS Suit With Deutsche Bank for $292 Million
Deutsche Bank sued Morgan Stanley in April 2014, claiming that the New York-based investment firm breached a contract by misrepresenting the quality of about $735 million worth of loans held in a trust in in which Deutsche Bank was the trustee and Morgan Stanley was the sponsor.
Read More »Report: Morgan Stanley, New York AG Discussing $500 Million RMBS Settlement
Morgan Stanley, a worldwide investment firm that is headquartered in New York, has had ongoing legal troubles in the last year or so with regards to its sales of RMBS prior to the financial crisis, resulting in a series of settlements totaling hundreds of millions.
Read More »Strong Equity Sales and Investments Drive Solid Q1 for Morgan Stanley
The firm credited solid investment in institutional securities and equity sales as major factors in its Q1 performance. Net revenues from institutional securities (excluding debt value adjustment) were $5.3 billion. Equity sales and trading net revenues were $2.3 billion, up from $1.7 billion a year ago.
Read More »Report: Morgan Stanley in Settlement Talks with New York AG Over Subprime Loans
Investment firm Morgan Stanley is currently negotiating a possible settlement with the office of New York Attorney General Eric Schneiderman over the mishandling of subprime mortgage loans in the run-up to the housing market crash and financial crisis, according to multiple media reports.
Read More »Morgan Stanley Agrees to Pay $2.6 Billion to Resolve RBMS Claims
Investment firm Morgan Stanley agreed in principle on Wednesday to pay $2.6 billion to resolve claims that it packaged and sold faulty residential mortgage-backed securities leading up to the financial crisis.
Read More »Morgan Stanley Makes Bid to Have Two FHFA Suits Over RMBS Dismissed
Attorneys for investment firm Morgan Stanley made a motion in the New York Supreme Court Tuesday to dismiss two lawsuits filed by the Federal Housing Finance Agency (FHFA) accusing the firm of failing to buy back $2.5 billion worth of faulty residential mortgage-backed securities, according to media reports. FHFA, which is suing on behalf of the RMBS pools' trustees, claims that Morgan Stanley committed a breach of contract by failing to buy back the poor performing loans, which were pooled into securities and sold to Freddie Mac in 2007.
Read More »Morgan Stanley Reports Substantial Gains in Q3
Morgan Stanley's third quarter 2014 net revenues of $8.9 marked an increase from $8.0 billion from the same period a year ago, the investment bank reported in its Q3 2014 earnings statement released on Friday.
Read More »Morgan Stanley Settles MBS Suit for $95 Million
Morgan Stanley has agreed to pay $95 million to settle a lawsuit alleging that the New York City-based financial services giant misled investors in mortgage-backed securities prior to the financial crisis of 2008, according to New York federal court papers.
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