Morgan Stanley targeted over mortgage securities sales

New court documents have shed light on “the extent to which one of Wall Street’s leading banks, Morgan Stanley, actively influenced [the] push into riskier and more onerous mortgages” leading up to the financial crisis, reports New York Times DealB%k.

An unnamed source told the outlet that “the Justice Department is currently examining the relationship between New Century and Morgan Stanley, and the bank’s sale of mortgage securities in the run-up to the financial crisis.” Read more.

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