Morgan Stanley the latest to write off losses on subprime mortgages (EARTHtimes.org)
Story date: 2007-11-08 09:40:48
Added on: 2007-11-09 01:00:16
New York - Morgan Stanley has become the latest US investment bank to write off billions of dollars in losses in subprime mortgage assets and cut its forecast for fourth-quarter earnings. The second-largest US securities firm reported losses of 3.7 b...
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