An elite Wall Street bank gets a $35 million lesson: Just call tech support
New York (CNN Business)Wall Street's big banks are lousy with highly educated people yanked from among the top performers at the world's best business schools and universities. They are elite and powerful. And sometimes, like every human, they do very dumb things.
This story is part of CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.New York (CNN Business)Wall Street's big banks are lousy with highly educated people yanked from among the top performers at the world's best business schools and universities. They are elite and powerful. And sometimes, like every human, they do very dumb things.Here's the deal: Morgan Stanley just got slapped with a $35 million fine for "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers, my colleague Matt Egan writes. The mistake? Tossing out old computers without wiping the hard drives.In one episode described by the Securities and Exchange Commission, Morgan Stanley hired a moving compan
New York (CNN Business)Wall Street's big banks are lousy with highly educated people yanked from among the top performers at the world's best business schools and universities. They are elite and powerful. And sometimes, like every human, they do very dumb things.
