Morgan Stanley to pay $1.25 bn in mortgage settlement | Bangkok Post: news

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Morgan Stanley to pay $1.25 bn in mortgage settlement

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US banking giant Morgan Stanley Tuesday said it agreed to pay $1.25 billion to settle charges that it misled investors on the sale of mortgage-backed securities ahead of the housing bust. 

Morgan Stanley headquarters on August 20, 2013 in New York's Times Square

Morgan Stanley will boost its legal reserves by $150 million to pay out the settlement to the US Federal Housing Finance Agency, Morgan Stanley said in a securities filing.

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