Tag: Morgan Stanley

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

Mon Apr 11, 2016/Reuters By Suzanne Barlyn Goldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. The settlement, which Goldman disclosed in January, stems from the firm’s […]

GTBank announces tender results for $500m Eurobond

Guaranty Trust Bank Plc on Thursday announced the results of its cash tender offer in respect of its $500m Eurobond. The lender had on February opened an international tender offer for the bond. GTBank, in a statement on Thursday, said, “As the expiration deadline for the tender offer was February […]

Morgan Stanley Reaches $1.25 Billion Mortgage Settlement

Morgan Stanley has agreed to pay $1.25 billion to the Federal Housing Finance Agency to resolve claims that it sold shoddy mortgage securities to Fannie Mae and Freddie Mac. In a securities filing late Tuesday, Morgan Stanley said that it had reached an agreement “in principle” with the agency, which […]