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Morgan in Talks to Keep Critical Mitsubishi Money

Japanese bank seeks more favorable terms for $9B investment

By Laurel Jorgensen,  Newser Staff

Posted Oct 12, 2008 6:19 PM CDT

(Newser) – Morgan Stanley scrambled today to keep an investment from a major Japanese bank as Wall Street held its breath, the New York Times reports. Japan’s Mitsubishi UFJ Financial Group agreed last month to invest $9 billion, but wants better terms after Morgan's market value...   Read full story »

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