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Got Risk?

Started by Joelle, October 30, 2008, 04:02:44 AM

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Joelle

Got Risk?
      


The $9 billion stake in Morgan Stanley that Mitsubishi UFJ Financial Group bought earlier this month was a risky bet for a Japanese bank. Often leaning heavily on state support, banks in Japan aren’t known for taking chances. Perhaps betting with house money is going to their heads. 
 
MUFG bought just over a fifth of Morgan [...]
         

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