wwwMorgan Stanley (NYSE: MS) will take a $3.7 billion write-down from the firm's U.S. subprime-related exposures, according to MarketWatch. The company ended its fiscal third quarter with $12.3 billion in U.S. subprime-related balance sheet exposures, representing $10.4 billion in net exposures on Aug. 31. As of Oct. 31, Morgan Stanley had net exposure of $6 billion.
Douglas A. McIntyre is an editor at 247wallst.com.
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Reader Comments (Page 1 of 1)
11-07-2007 @ 7:13PM
mary said...
this country isin a crisis we no longer cantrust are banks for most of them greedy .weare going downfast.
11-07-2007 @ 7:22PM
gary helfman said...
Great losses but let's still give all the employess million dollar bonuses..and don't forget about the CEO,,he needs 35 million for a bonus..keep up the good work guys.... also..great job you did on Peltz...get ready to write down another 3 billion when he ultimately wins in court...very nice ethics !!!!!!!!!!!!!