Should Morgan Stanley (MS) Be Allowed To Repay TARP?
According to CNBC's Charlie Gasparino, Morgan Stanley (NYSE: MS) has sought preliminary approval to repay TARP. Should they be approved?
Based on the results of the recent stress tests, Morgan Stanley had a capital buffer shortfall of $1.8 billion. Morgan Stanley recently bolstered its capital base by $8 billion from selling common shares and debt.
So based on this, the company has more than covered the $1.8 billion capital buffer shortfall, but by repaying its $10 billion in TARP this may put the company back in the grey area. It is not clear if they will or should get the approval.
Create E-mail AlertRelated Categories
Insiders' BlogRumors
Trader Talk
Stocks Mentioned
-0.68Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
