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Stock Market & Financial Investment News

News Breaks
January 16, 2013
10:04 EDTMS, GSGoldman Sachs, Morgan Stanley in $557M mortgage settlement
Goldman Sachs (GS) and Morgan Stanley (MS) have reached agreements in principle with the Federal Reserve Board to pay $557M in cash payments and other assistance to help mortgage borrowers, the Fed said in a statement. These agreements are similar to those announced on January 7, between 10 mortgage servicing companies and the Office of the Comptroller of the Currency and the Federal Reserve Board. Like the other institutions, Goldman Sachs and Morgan Stanley were subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing. The sum paid by Goldman Sachs and Morgan Stanley includes $232M in direct payments to eligible borrowers and $325M in other assistance, such as loan modifications and forgiveness of deficiency judgments.
News For GS;MS From The Last 14 Days
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May 6, 2015
08:49 EDTMS, GSBlackRock has held talks with banks over CDS clearinghouses, Bloomberg says
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May 5, 2015
07:59 EDTMSMorgan Stanley sees loss up to $292M possible from Deutsche Bank suit
Morgan Stanley (MS) disclosed yesterday in a regulatory filing that on April 28, 2014, Deutsche Bank National Trust Company (DB), in its capacity as trustee for Morgan Stanley Structured Trust I 2007-1, filed a complaint against the company. The complaint asserts claims for breach of contract and alleges, among other things, that the loans in the trust, which had an original principal balance of approximately $735M, breached various representations and warranties. The complaint seeks, among other relief, specific performance of the loan breach remedy procedures in the transaction documents, unspecified compensatory and/or rescissory damages, interest and costs. On April 3, 2015, the court granted in part and denied in part the company's motion to dismiss. On April 17, 2015, the company filed its answer to the complaint. Based on currently available information, the company believes that it could incur a loss in this action of up to approximately $292M, plus pre- and post-judgment interest, fees and costs.
07:22 EDTMS, GSSkyBridge Capital to hold a conference
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06:59 EDTGSGoldman Sachs to ramp up digital banking service, WSJ reports
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May 4, 2015
09:03 EDTGSGoldman, Grand Central Tech announce partnership
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06:13 EDTMS, GSGoldman Sachs seeks to sell coal mines in Colombia, WSJ reports
Goldman Sachs (GS) is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production, The Wall Street Journal reports, citing sources familiar with the matter. Last year, JP Morgan (JPM) sold its physical-commodity assets, including a metals warehousing business, and Morgan Stanley (MS) has sold its oil-shipping and pipeline business and is seeking to sell its oil-trading and storage business. Reference Link
May 1, 2015
10:01 EDTMSMorgan Stanley announces sale of Southern Star Central
Morgan Stanley Infrastructure, the infrastructure investing platform of Morgan Stanley (MS), announced that it has agreed to sell Southern Star Central Corp. to a consortium consisting of affiliates of GE (GE) Energy Financial Services and Caisse de dépôt et placement du Québec. The terms of the transaction were not disclosed.
April 30, 2015
06:26 EDTGS, MSBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
06:14 EDTMS, GSSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
April 24, 2015
10:43 EDTMSMorgan Stanley to hold conference call
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April 23, 2015
14:20 EDTMSEarnings Watch: Google up close to 8.5% since last earnings report
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13:05 EDTGSGoldman Sachs Asset Management to acquire Pacific Global solutions business
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07:03 EDTMS, GSCapital Link to hold a forum
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06:29 EDTMSMorgan Stanley poised to obtain $2.3B from real estate unit sale, Reuters says
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