Markets
France fines Morgan Stanley $22mn for manipulating sovereign bonds
The fine relates to manipulations of French and Belgian bonds prices in June 2015.
Morgan Stanley said it int
- The fine relates to manipulations of French and Belgian bonds prices in June 2015.
- Morgan Stanley said it intended to lodge an appeal.
PARIS: France's markets watchdog AMF said on Tuesday it has fined U.S bank Morgan Stanley 20 million euros ($22 million) for manipulation of sovereign bonds.
The fine relates to manipulations of French and Belgian bonds prices in June 2015, AMF said in a statement.
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.
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