BUSINESS
05/25/2009 05:12 am ET | Updated May 25, 2011

Morgan Stanley May Spin Off Trading Unit, Abandon Tenant Of Investment Banking

NEW YORK (MarketWatch) -- By considering the radical step of jettisoning one of its more high-flying trading units, Morgan Stanley and its chief executive, John Mack, are considering abandoning the tried-and-true model of investment banking that has evolved on Wall Street during the last two decades.

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