Morgan Stanley
Morgan Stanley's New York Headquaters Photograph by Stan Honda—AFP/Getty Images

Morgan Stanley to pay $2.6 billion to settle likely claims over mortgage bond sales

Feb 25, 2015

Morgan Stanley (ms) aid it will pay $2.6 billion to the U.S. Department of Justice and United States Attorney's Office for the Northern District of California to resolve potential claims stemming from sale of mortgage bonds before the financial crisis.

Morgan Stanley also increased its legal reserves by about $2.8 billion, the bank said in a regulatory filing.

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