Wed, 25 Jan 2012 13:57:16 GMT
Goldman Sachs and Morgan Stanley downgraded to neutral
Goldman Sachs Group Inc. and Morgan Stanley both were downgraded at J.P. Morgan Cazenove to neutral on Wednesday. J.P Morgan explains the cut by citing proposed rules for banking institutions that may lead to higher capital requirements. The proposal implies assigning risk weights without using credit rating agencies ratings. In effect, Morgan Stanley and Goldman Sachs may face from 10%