Morgan Stanley will soon let its 18,000 financial advisers have access to Twitter -- that access, however, will be very limited and thus, their tweets will be very boring.
Facebook's messy IPO and the fallout over the following week have left many looking for someone to blame, and apparently inside Morgan Stanley it's falling on one of their star investment bankers, Michael Grimes.
After days of stock-market failure, we find out the real deal behind Facebook's IPO preparations, which show a disconnect between institutional investors on the inside and the rest of the world on the outside.
Federal regulators are very interested in this morning's report that Morgan Stanley and other underwriting banks shared negative info on Facebook before last week's IPO.
Turns out letting people in the finance biz tweet about work isn't all too exciting to anyone not in the finance world.
The specifics of Facebook's massive initial public offering are starting to trickle out of sources in the know, and while the details are more specific than anything we've seen before, many questions still remain.
On Wednesday, Morgan Stanley revealed through a government filing that the layoffs it had announced earlier this month have gotten underway in New York, where the financial services firm's headquarters is located and where it will cut 580 jobs.
The firm traded at $43 a share when he took over. It's at $16 now.
The Dow, Nasdaq, and S&P 500 all open down on Thursday morning
Such as: did you know these mortgages were bad before you sold them?
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