Mitsubishi UFG to buy up to 20% of Morgan Stanley
In a deal potentially worth $9bn, the Japanese Bank would hold a stake between 10 and 20% in the former Investment Bank. MUFG follows Nomura securities which has shown interest in Lehman’s European assets.
Nomura to buy Lehman’s European assets
After acquiring Lehman’s Asian assets for $230 million, the Japanese Securities group is the top bidder for Lehman’s European assets, in a move that could save 700 jobs in the M&A and equity advisory divisions.
Crude has Highest Single-Day Gains on Record
As investors worry that the proposed U.S. bailout could push down the dollar, they turn to an old standby in times of uncertainty.
In Newest Crisis, Hedge Funds Face Chaos
Even the fast-money investors are struggling to cope with the wild swings in the markets, raising concerns that some may not survive.
