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As the wrenching shifts within the American financial industry shook world markets on Wednesday, Morgan Stanley, one of the two major Wall Street banks left standing, was considering a possible merger with the Wachovia Corporation or another bank, according to people briefed on the discussions.
This may not work out. Wachovia has serious exposure to the Lehman debacle. They are not the heavy cash cow that Morgan needs.
- Mike Rivero
Member Submitted News
Three Words Explain Obama's Visit To Saudi Arabia: Stability Is King, Now More Than Ever, U.S.-Saudi Commercial Ties Matteralexmark
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"Equities Will Be Devastated" Crispin Odey Warns, Looming Recession Will Be "Remembered For 100 Years"malterwitty
Iran Sends Warning To Israel Via Us Officials, Arab Lawmakers Shake Up Israeli Politics With Historic Unionalexmark
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