Morgan Stanley Nears European Mortgage Buy

Freed, Dan
October 2006
Investment Dealers' Digest;10/9/2006, Vol. 72 Issue 38, p8
Trade Publication
The article reports the plan of Morgan Stanley to acquire mortage companies in Germany and Estonia. Neal Shear, the company's head of fixed income, confirmed that the investment bank is looking for further mortage growth in Europe. In June, Morgan Stanley acquired Credito Fondiario e Industriale SpA. Rome-based mortage bank It is inferred that Europe is an increasing focus of mortage business for securities firms and that investment banks are snapping up mortage servicers.


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