1. Investigations

    Feds Probing Morgan Stanley Deals

    Morgan Stanley

    Richard Drew / AP Photo

    Plenty of room alongside Goldman Sachs in the doghouse: Federal prosecutors are investigating Morgan Stanley for possibly misleading investors about mortgage-backed derivatives it helped to design. Traders at the bank bet against investment instruments that the bank had sold to investors. The Wall Street Journal says, “The probe is at a preliminary stage.”

    Read it at The Wall Street Journal