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Morgan Stanley agrees to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities, holding the firm accountable for its role in the 2008 financial crisis. This settlement marks another instance where the U.S. Department of Justice addresses the actions of a major Wall Street institution, aiming to address the consequences of risky financial practices and restore stability in the financial industry.
Tuesday, 24 February, 2015