Morgan Stanley Bank, N.A. Receives Highest Rating from Office of the Comptroller of the Currency for Community Reinvestment Initiatives
Morgan Stanley (MS)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Bank, N.A., a national bank subsidiary of Morgan Stanley (NYSE:MS), has been recognized with the highest rating from the Office of the Comptroller of the Currency (OCC) for its work to meet the credit needs of the communities it serves. The Firm received a mark of “Outstanding” for the Bank’s community reinvestment activities for the fifth consecutive time, and the third since being examined by the OCC. The OCC report noted that Morgan Stanley supported communities through extensive use of innovative financing structures, particularly investments not routinely provided by private investors, and that the bank demonstrated excellent responsiveness to community needs. “Private capital in support of affordable housing and quality jobs is fundamental to securing long-term economic growth,” said Audrey Choi, Chief Sustainability Officer and Chief Marketing Officer
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