The New York Times is suggesting a merger between US Investment bank Morgan Stanley and Wachovia.
Such a deal would leave Goldman Sachs as the sole remaining independent investment bank on Wall Street. Two other bulge bracket banks, Bear Stearns and Lehman Brothers have gone to the wall. A third, Merrill Lynch, has gone the route of joining their retail bank brethren Bank of America.
Wednesday, 17 September 2008
Wachovia and Morgan Stanley?
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