More news from the Volcker Rule-mandated wind-downs of prop trading: Morgan Stanley (MS)...

|About: Morgan Stanley (MS)|By:, SA News Editor

More news from the Volcker Rule-mandated wind-downs of prop trading: Morgan Stanley (MS) finishes its split from $4.5B fund FrontPoint Partners, and Goldman Sachs (GS) details in its 10-K how it is closing its principal strategies desk (which began liquidating last year) and the global macro prop desk in its fixed-income unit.