Morgan Stanley’s chief executive said on Tuesday that he supports “strong and effective regulatory reform” and that Wall Street must “rebuild trust” with Main Street. James Gorman, who became CEO on January 1, met with Morgan Stanley shareholders less than a week after sources said federal prosecutors and the New York Attorney General were investigating the bank’s and other banks’ roles in transactions that occurred in the run-up to the subprime mortgage crisis.
Morgan Stanley CEO says Wall St must rebuild trust
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