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AG Coakley settles with bank

<p><b>BOSTON. </b>Martha Coakley announced a $102 million settlement with Morgan Stanley on Thursday after the attorney general investigated allegations that the Wall Street firm financed unfair home loans to sell to investors.</p>

BOSTON. Martha Coakley announced a $102 million settlement with Morgan Stanley on Thursday after the attorney general investigated allegations that the Wall Street firm financed unfair home loans to sell to investors. Coakley alleged that borrowers lost homes and investors lost money in the deals, including about $23 million lost by the state pension plan.

 
 
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