Mitsubishi UFJ Financial Group, Inc. today issued a statement in an effort to reassure the market that it intends to go ahead with its US$9 billion investment in Morgan Stanley Inc.“We have been made aware of rumors to the effect that MUFG is seeking not to close on our proposed investment in, and strategic alliance […]
Reduced U.S. exports and tight credit threaten an economy that’s now on the brink
The US$9 billion investment will bolster Morgan Stanley’s capital and liquidity positions
Morgan Stanley then reaches into an agreement in which 20% of itst equity would be sold to Japan's Mitsubishi UFJ Financial Group Inc.
Core client franchise achieved solid revenue growth, profitability
Trading losses have reduced confidence in investment bank’s risk controls
Morgan Stanley reports that it has been retained by the U.S. Department of the Treasury to provide advice regarding Treasury’s handling of Fannie Mae and Freddie Mac.As part of that assignment, Morgan Stanley will support the Treasury’s work to promote market stability and the availability of mortgage credit, it said. The firm is not being […]
Morgan Stanley economists see increasing downside risks to the U.S. economy, and say the U.S. Federal Reserve Board will likely be unable to raise rates to combat inflation as a result.“Despite a rescue package from the Treasury and the Fed, ongoing losses in mortgages and uncertainty about the ability of the housing Government-Sponsored Enterprises (GSEs) […]
Morgan Stanley announced that it plans to sell half of its stake in MSCI Inc.
Fixed income sales and trading revenues plunge