Independent providers of structured products could see biggest threat to business model yet as sector comes under RDR spotlight
London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.
The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.
Goldman Sachs and Morgan Stanley are believed to be among eight US banks facing an investigation into the rating of their mortgage products.
US authorities are investigating whether Morgan Stanley misled investors over mortgage derivatives, according to the Wall Street Journal.
Morgan Stanley has warned Germany could withdraw from the eurozone as the fallout from the Greek debt bailout continues.
Morgan Stanley has warned an $8.8bn property fund could face losses of up to $5.4bn.
Greece will this month launch a multibillion-dollar bond in the US, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.