Link

Morgan Stanley, Citigroup Cooperate With DOJ Derivatives Inquiry

Morgan Stanley, Citigroup Cooperate With DOJ Derivatives Inquiry

Morgan Stanley (MS:US) and Citigroup Inc. (C:US) said they’re cooperating with the U.S. Justice Department’s four-year-old antitrust probe into the credit-default swaps market.

The two firms were among more than a dozen financial institutions accused by the European Union last month of colluding to curb competition in credit derivatives.

“The company and others have also responded to an ongoing investigation by the antitrust division of the United States Department of Justice related to the CDS market,” Morgan Stanley, owner of the world’s largest brokerage, said yesterday in a quarterly filing (MS:US).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s