Morgan under siege as other banks rally

Morgan Stanley and Goldman Sachs fall sharply Friday but shares of some other big bank stocks bounced back after several days of selling. Paste this link into your favorite RSS desktop reader NEW YORK (CNNMoney.com) -- Shares of Morgan Stanley and Goldman Sachs, the last two big investment banks, plunged again Friday as fears about the fate of the banking sector remained front and center in the ongoing global financial crisis. The two companies have been among the hardest hit stocks during this devastating market decline. But shares of several other big bank stocks rallied during a wild, tumultuous day for the broader market. Morgan Stanley plummeted as much as 46% at one point Friday on news that the rating agency Moody's was weighing a potential downgrade of the long-term debt ratings of the company and its subsidiaries.... [read full story]