France fines Morgan Stanley $22 million for manipulating sovereign bondsChristian Fernsby ▼ | December 10, 2019
France’s markets watchdog AMF said on Tuesday it has fined U.S bank Morgan Stanley (MS.N) 20 million euros ($22 million) for manipulation of sovereign bonds.
Finance fine Morgan Stanley
Topics: France fine Morgan Stanley
Morgan Stanley said it intended to lodge an appeal.
“The activities in question were undertaken in accordance with market practice and as part of the firm’s role and obligations as a market maker,” the bank said in a statement. ■