Morgan Stanley In Talks With Citic

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We knew that Morgan Stanley was in talks with a number of banks to discuss possible mergers. But until late tonight we only had one name: Wachovia. Now CNBC has dug up another name: Chinese bank Citic.

Morgan Stanley is in talks to possibly be acquired by Chinese bank Citic, sources in the U.S. and China have told CNBC.
No deal is certain at this time, however, and sources said that none was likely to be finalized Wednesday.

Morgan Stanley in Talks with Chinese Bank Citic [CNBC]

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