What you need to know on Wall Street right now

Screenshot/Bloomberg TV Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Morgan Stanley No. 2 executive Colm Kellehersaid it took a "WTF moment" to trigger a major revamp of his firm's fixed income business. Kelleher, speaking at Morgan Stanley's European Financial Conference Tuesday, described the problems that business was facing a couple of years ago-- and how he and Ted Pick, who runs sales and trading, decided to address it. "Clearly we were al...