Goldman equity tanks as fears grow over Morgan Stanley

At the close of trading in New York, Goldman Sachs saw $12.55 shaved off its market value to finish the day at $88.80, although the firm saw its value fall as low as $74-a-share a little before midday.

Morgan Stanley, facing questions about its long-term viability following indications from ratings agencies that a downgrade could be forthcoming, saw its equity hit an intraday low of $6.71 before rallying to end the day at $9.68 – down $2.77 from the previous close.

The declines end a remarka