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Montevideo, September 21st 2024 - 10:06 UTC

Tag: Morgan Stanley

  • Friday, May 14th 2010 - 04:05 UTC

    US Looking into Possible Banks-Credit Rating Agencies Collusion

    Manipulations to gain better ratings for risky securities

    Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.

  • Thursday, May 13th 2010 - 10:41 UTC

    Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives

    CEO James Gorman

    Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.

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