The billionaire activist investor said busting up conglomerate would limit regulation, which he calls a 'tax on size.'
Dow falls more than 390 points as a slump in crude oil sent markets reeling after Chinese shares tumbled into a bear market.
Morgan Stanley reported a $908 million fourth-quarter profit as legal costs shrank.
Oil dropped below $30 a barrel in New York for the first time in 12 years on concern that turmoil in China's markets will curb fuel demand.
Morgan Stanley said Greg Fleming, who led the firm's retail brokerage, has decided to leave the bank, with Colm Kelleher named president.
One of the market's biggest bears says there's more bad news ahead.
After taking in $238 billion in 2015, it's time for the annual reading of the fund flow tea leaves
Global markets are facing a serious challenge that has similarities to the 2008 financial crisis, billionaire George Soros told an economic forum in Sri Lanka on Thursday.
Increased fraud protections in response to last year's explosion of refund theft will likely draw out the wait for your money.
Massachusetts' Securities Division sent out a subpoena Monday to look into the fund closure and liquidation plan.
