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0.000105396290050494 -6.95615514334521E-05 -0.000105396290050644 -0.00115935919055649 0.000526981450252921 -0.00316188870151783 -0.00316188870151783 -0.00316188870151783
Stock impact report

UPDATE 1-Morgan Stanley to pay $150 mln to settle California crisis-era mortgage charges [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
Morgan Stanley to pay $150 million to settle California crisis-era mortgage charges - Reuters 2 Min Read (Reuters) - Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis. The settlement announced on Thursday by California Attorney General Xavier Becerra resolves an April 2016 lawsuit filed by his predecessor Kamala Harris, who is now a U.S. senator. Becerra said the California Public Employees’ Retirement System (CalPERS) will receive $122 million from the settlement, while the California State Teachers Retirement System (CalSTRS) will receive $8 million. The other $20 million will cover costs and help fund other investigations. Morgan Stanley denied wrongdoing. A spokesman said the accord is the New York-based bank’s last regulatory settlement related to the financial crisis. California said Morgan Stanley overstat Show less Read more
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