Money Will Be Returned to Investors Who Were Harmed Moody’s Investors Service raised its outlook on Morgan Stanley MS +0.15% from stable to positive, saying the firm continues to make progress on strengthening its profitability. Earlier this month, Morgan Stanley reported a near doubling of its second-quarter profit, as revenue […]

  Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday. A majority of the settlement is […]

Citigroup says it has agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mortgage-backed securities. The New York-based investment bank said Monday that the pact it reached with 18 institutional investors calls for Citigroup to make a binding offer to […]