Morgan Stanley to Fork Over $2.6 Billion to Settle Mortgage Bond Sales Claims
Posted on 02/26/2015
Morgan Stanley will pay the U.S. Department of Justice (DOJ) US$ 2.6 billion to settle claims over its role in the sale of mortgage bonds pre-financial crisis 2008. In January 2015, the bank boosted its legal reserves by US$ 2.8 billion. Bank of America, Citigroup and JPMorgan Chase have all paid billions to settle pending […]