Morgan Stanley to pay US$3.2b to settle financial crisis-era charges

Published Thu, Feb 11, 2016 · 02:33 PM

[WASHINGTON] Morgan Stanley is poised to pay US$3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday.

The case stems from an investigation by the Residential Mortgage-Backed Securities Group, a joint federal and state task force unveiled in 2012 by President Barack Obama that serves to investigate potential misconduct from the 2007-2009 financial crisis.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Banking & Finance

JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Lloyds bank says quarterly profits sink on higher costs

Companies & Markets

Morgan Stanley to pay US$3.2b to settle financial crisis-era charges

Banking & Finance

JPMorgan talking with investors about two synthetic risk transfers

HSBC says growing Chinese wealth fuels client investments in US

Money laundering accused Su Baolin to plead guilty after being handed 3 more charges

UBS flags 'serious' concern about new Swiss capital requirements

OCBC should put its properties into a Reit and distribute the trust’s units to shareholders

Lloyds bank says quarterly profits sink on higher costs

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT