Morgan Hit By Two RMBS Suits

26 Jan 2012

Morgan Stanley has been hit with lawsuits by two foreign banks over residential mortgage-backed securities.

Morgan Stanley has been hit with lawsuits by two foreign banks over residential mortgage-backed securities. In separate but identical actions filed in NewBelgian-French Dexia and Germany’s Bayerische Landesbank charge the investment bank with misrepresenting the quality of the loans in the RMBS it issued.

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