Bankingbusiness lawcompany lawEuropean LawItalian prosecutor proposes Morgan Stanley pay 2.9 bln euros over derivatives
An Italian prosecutor has proposed that Morgan Stanley pay 2.9 billion euros to settle derivative transactions, the bank said on Wednesday in a securities filing. The proposed claim argues that at least some of the derivative transactions were “improper,” as was their termination, Morgan Stanley said in a 10-Q filing with the U.S. Securities and...