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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Citigroup to raise CEO Pandit's pay above token $1

Citigroup said Friday its board of directors would raise Chief Executive Vikram Pandit's salary above the token $1 he has earned for the past two years. Pandit said in February 2009 he would earn $1 annually until the bank returned to profitability. Citigroup has posted two consecutive profitable quarters so far in 2010, and is due to report third-quarter results in October.

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