Morgan Stanley’s $6.8b payout

MORGAN Stanley (MS.N) will pay about $US3.2billion ($F6.8b) to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities Group, a joint federal and state taskforce unveiled in 2012 by President […]

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