Morgan Stanley has soft-closed its Global Brands fund to retail investors in a bid to preserve the performance of the top-performing portfolio.
Despite negative press, structured products still form part of many wealth manager portfolios. Joanna Faith looks into their appeal.
Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.
LIBOR rate-rigging penalties and damages to investors could reach $22bn for the 12 global banks involved, according to Morgan Stanley estimates.
Credit rating agency Moody's has downgraded 15 financial institutions overnight, including major UK and US banks.
The Financial Services Authority (FSA) has warned investors against dealing with clones of Morgan Stanley and Allianz International.