Sunday, September 6, 2009

$9 billion cash infusion for Morgan Stanley by Mitsubishi UFJ

$9 billion cash infusion for Morgan Stanley by Mitsubishi UFJAs a result of its talks with Mitsubishi UFJ Financial Group Inc. - about terms of the $9 billion cash infusion - the Wall Street firm, Morgan Stanley, registered a rise of in German trading. It went up 31% from its close.

The Morgan Stanley stock, which on October 10 sank 60% going down to a 13-year low, climbed to $12.69 at 11:05 a.m. in Frankfurt trading.

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