Billion dollar loss expected at Morgan Stanley

Billion dollar loss expected at Morgan Stanley New York - The company Morgan Stanley is expected to be hit by its second quarterly loss in a row, the Wall Street Journal reported Thursday.

The accounting for a rebound in bond prices is said to be behind a writedown of up to 1.7 billion dollars.

Within the previous quarter the Wall Street firm had already suffered massive losses of about 2.4 billion dollars. The new quarterly results are expected to be published later this month. (dpa)

Business News: 
General: