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Morgan Stanley inks deal with Japanese bank

Morgan Stanley CEO John Mack made good on his word to close the Mitsubishi UFJ deal by Tuesday. The deal was apparently signed, and the stock soared. The deal terms are more favorable to the Japanese... Read more...

Citigroup to buy Wachovia

Another day, another bank "failure." Citigroup will buy Wachovia for $1 a share, in a deal that was brought about by regulators. Citigroup's shareholders may not be applauding, seeing as the bank... Read more...

Citi feeling pressure to take more writedowns?

While Merrill Lynch has moved to puts its collateralized debt obligation woes behind it, Citi still has about $23 billion in net... Read more...