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Morgan Stanley holds back on BlackBerry Upgrade

Blackberry Stack

Morgan Stanley is holding off on upgrading its employees to BlackBerry's newest smartphones and operating system because of concerns that the Canadian company may not back its platform long-term, according to two people with knowledge of the bank’s plans.

Probe on hiring practices goes beyond JPMorgan

For Hire

U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing on the hiring of relatives of well-connected foreign officials with the intent of winning business, the Wall Street Journal reported, citing people with knowledge of the situation.