TITLE

Morgan Stanley Nears European Mortgage Buy

AUTHOR(S)
Freed, Dan
PUB. DATE
October 2006
SOURCE
Investment Dealers' Digest;10/9/2006, Vol. 72 Issue 38, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22710335

 

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