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Morgan Stanley Loses $3.6 Billion in Fourth Quarter; Gets $5 Billion Chinese Investment
Dec 19, 2007Morgan Stanley on Wednesday said that it lost $3.6 billion during its fiscal fourth quarter ended November 30 — the first quarterly loss in the investment bank’s history. Driving the loss was the company’s mortgage exposure, which drove a total fourth quarter writedown of $9.4 billion.
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WaMu Stunner: Slashes Dividend, Will Lay Off 3,150 Amid Worsening Housing Conditions
Dec 10, 2007 -
UBS Acknowledges Additional $10 Billion in Subprime-Related Writedowns
Dec 10, 2007 -
Foreclosure Starts Reach Record Highs During Third Quarter
Dec 06, 2007 -
It’s Official: Bush Announces Subprime ARM Freeze
Dec 06, 2007 -
Mortgage Market Roundup: A Slippery Slope
Nov 30, 2007 -
Moody’s: Freddie May Face Wider Losses as Housing Slump Worsens
Nov 23, 2007 -
H&R Block CEO Departs Amid Subprime Criticism
Nov 20, 2007 -
Report: Freddie’s Subprime Losses Could Hit $5 Billion
Nov 19, 2007 -
Bear Stearns Latest to Confirm Write-Downs
Nov 14, 2007 -
HSBC Absorbs $3.4 Billion Hit on Loan Impairments; Will Close 260 Branches
Nov 14, 2007 -
In the Buzz Bin: The R Word
Nov 13, 2007
