Industry News

Losses at banking, securities firms widen as market continues decline

Morgan Stanley faces $3.7 billion in subprime-related losses
Published on Nov 8, 2007

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by CareyBot

Morgan Stanley has joined the ranks of Merrill Lynch and Citigroup in reporting billions of dollars in losses on subprime mortgage-related assets, which have declined in value as a result of continued market deterioration since August 2007. One of the ...