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05/15/2024 10:05:00 am

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2008 global financial crisis

Morgan Stanlet

Morgan Stanley Settles Mortgage-Backed Securities Lawsuit for US$2.6 Billion

American banking giant Morgan Stanley will pay the federal government US$2.6 billion to settle the mortgage-backed securities lawsuit that the Department of Justice filed against the Wall Street lender over the 2008 global financial crisis.

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