Morgan Stanley May Write Down $6 Billion, Trone Says (Update1) (Bloomberg.com)
Story date: 2007-11-06 10:57:47
Added on: 2007-11-06 12:00:18
Nov. 6 (Bloomberg) -- Morgan Stanley may become the next big Wall Street firm to report losses on mortgages and related securities, writing down their value by as much as $6 billion, according to David Trone, an analyst at Fox-Pitt Kelton Cochran Caronia Waller.
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