Morgan, part of the venerable House of Morgan, was traditionally a commercial bank, but has aggressively entered the investment banking business.

FORBES: The Chase-J.P. Morgan Merger

Former White House Chief of Staff Erskine Bowles, for example, served on the boards of Morgan Stanley, General Motors and Wachovia -- and at various times was also a director at Merck, VF Corp.

CNN: Commentary: Boards are real culprits in AIG mess

"One of the women I was with told me that something was happening in front of the house, " Angel Cordero, 32, said on CNN's "Piers Morgan Live" on Wednesday.

CNN: SHARE THIS

Morgan Chase executive William Daley for a senior role within the White House, possibly as chief of staff.

FORBES: Daley Pick Could Be A Good Sign For Banks

"Guys on Wall Street would sell the Hamptons house and their art collection before they would take their kids out of a top school, " says one Morgan Stanley banker.

WSJ: Honey, They Shrunk My Bonus

Mr. Morgan, who lives next door to the yellow multifamily house where the incident occurred, recalls a lot of police activity at first.

WSJ: After Murder Suspect's Death, Probe Is Decried, Defended