"I think the economy is in very treacherous territory, and there's a real possibility of a double dip," warns former Lehman Brothers Holdings Inc. and General Motors Corp. bankruptcy attorney Harvey Miller. Miller, a partner at Weil, Gotshal & Manges, LLP, who also developed the law firm's business finance and restructuring department, tells The Deal Pipeline that regulation, such as Dodd-Frank, needs to be balanced "so that you can stop entities from getting too big to fail. That's not happening." Miller also addresses Bank of America Corp.'s woes, as the bank most recently announced a shutdown of one of its mortgage units. - Sarah Hashim-Waris
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.