Morgan Stanley to potentially face AIG mortgage charges

According to Bloomberg, American International Group (AIG) might sue Morgan Stanley (MS) over mortgage-backed securities that the insurer purchased before the financial crisis.

AIG bought $3.7 billion in mortgage pass-through certificates that were sponsored or underwritten by Morgan Stanley in 2005 through 2007, the New York-based investment bank said yesterday in a regulatory filing. AIG terminated an agreement that had given it more time to bring claims, and the pact will end Nov. 7, according to the filing.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please