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FDIC reaches $63 million settlement with Morgan Stanley over mortgage-backed securities claims

( February 2, 2016, 19:34 GMT | Official Statement) -- MLex Summary: The Federal Deposit Insurance Corporation, as receiver for three failed banks, on Tuesday announced a $62.95 million settlement of residential mortgage-backed securities claims against Morgan Stanley & Company. Federal claims alleged misrepresentation in offering documents for 14 securities bought by three banks that failed between 2009 and 2011.Statement follows in full. Also seek document below. ...

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