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(Image from article: "Morgan Stanley shares fall as it reportedly faces probe into sales of mortgage securities")

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Citigroup profit drops after it writes down brokerage unit

Citigroup Inc said quarterly profit plunged on a $4.7 billion write-down of its stake in a brokerage operated by Morgan Stanley, but mortgage lending increased and capital markets results rebounded.

 

Morgan Stanley shares fall as it reportedly faces probe into sales of mortgage securities

Morgan Stanley shares fall as it reportedly faces probe into sales of mortgage securities

Morgan Stanley shares dropped Wednesday following a report that the investment bank is facing an investigation into mortgage derivative deals.

 

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