The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Morgan Stanley is planning another deep round of cuts, just a week ahead of the release of fourth-quarter earnings, which are expected to show the gains the firm has made since the financial crisis in areas like stock trading, banking and wealth management but still will be weighed down by the diminished earnings power of its fixed income business. ()* Banks and other lenders will be prohibited from making home loans that offer deceptive teaser rates or require no documentation from borrowers, and will be required to take more steps to ensure that borrowers can repay, under new consumer protections in the United States to be announced on Thursday. ()
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.15% or $-0.03/share to $19.62. In the past year, the shares have traded as low as $12.26 and as high as $21.19. On average, 19700300 shares of MS exchange hands on a given day and today's volume is recorded at 26994692.
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