Morgan Stanley, the US-based multinational financial services said on Wednesday that it has recently entered into a preparatory agreement with US regulators to pay $2.6 billion in fine.
As reports say, the US-based multinational financial services organisation needed to pay the fine as it has been found to have an assumed a noteworthy part in pushing the US monetary framework on the edge of breakdown in 2008.
The investigations have been discovered that the home loan industry’s practices affected the US monetary industry so gravely that the framework very nearly given way in 2008.
This created a few mortgage holders default on their credits and had their homes repossessed by the banks.
