Things at Morgan Stanley are getting uglier by the minute. Shares are down another 25 percent thus far today and hedge funds have been directing their business elsewhere. John Mack is now reportedly stepping up merger discussions with Wachovia. There's also talk of splitting the bank in two, a "good bank" and a "bad bank." Because that idea worked out really nicely for Lehman, didn't it? [Dealbook]
Submitted discussions can be approved by the author or users followed by this blog.