Thanks to the Fed’s actions last week, Morgan Stanley (MS) has averted an emergency sale to Wachovia (WB), received permission to become a bank holding company, and has sold a minority stake to Japan’s Mitsubishi. The company is going to try to remain independent, for now anyway.With the competitive landscape having changed in recent days, namely fewer competitors in the investment banking marketplace, the stronger players who can whether this liquidity storm will clearly be in a great position to take market share in this volatile environment.It will be interesting to [...]
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[Source: The Money Blogs]
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