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Morgan Stanley close to resolving bond probe

Bank's creation and sale of mortgage-backed bonds under investigation; settlement sum unclear

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ONGOING ISSUE: Morgan Stanley has said for years that it faces government inquiries into how it handled home loans and related investment products.

New York

MORGAN Stanley is in talks with the US to resolve an investigation into the bank's creation and sale of mortgage-backed bonds, the latest in a string of Wall Street cases tied to the 2008 financial crisis, a person familiar with the matter said.

An agreement could be

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