The Traderszone Network

Published in TZ Latest News 19 April, 2015 by The TZ Newswire Staff

Morgan Stanley, NY attorney general in $500-million talks to settle probe:

Morgan Stanley is in discussions to pay $500 million to settle an investigation by New York’s attorney general into whether the Wall Street bank misled investors in taking mortgage bonds that lost value during the financial crisis, the Wall Street Journal reported Sunday in its online edition, citing people familiar with the matter. A deal with New York Attorney General Eric Schneiderman would likely include some cash from Morgan Stanley as well as consumer relief, the report said.

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