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GRIP Extra: Morgan Stanley fires head of commodities, US investigates Chinese companies

Montage of rush hour with a man walking across the road.
GRIP Montage: Getty Images

Other news includes an EU fine against Meta and Google, massive ESG investment outflows, and the OCC and FDIC signaling crypto regulation overhauls.

United States

Conduct

Morgan Stanley has reportedly fired the head of its commodities business after investigating inappropriate remarks to colleagues.

Cybersecurity/data privacy

A US Congressional committee subpoenaed three Chinese state-owned telecommunications companies, after they failed to respond to a request for information on whether their US operations affect national