Morgan Stanley Ponders Merger With Wachovia

Posted by Orb Staff on September 18, 2008 No Comments
Categories : Residential Mortgage

Morgan Stanley is considering a possible merger with either Wachovia Corp. or another firm, according to a New York Times article. These preliminary talks may or may not result in an eventual transaction.

Joining forces with a bank would return Morgan Stanley to its pre-Depression structure and also leave Goldman Sachs as the sole remaining major U.S. investment bank.

Source: New York Times

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