Japanese Wall Street banks' shares slide ...
Central Banks Intervene in Financial Markets ... banking giant Mitsubishi UFJ Financial Group has said it will buy a stake in troubled Wall Street rival Morgan Stanley.
The firm said the stake will account for 10% to 20% of Morgan Stanley's common shares.
A price has not yet been decided. Further details will be revealed after the group has completed due diligence.
Morgan Stanley has been humbled by the credit crisis tearing through the world's financial system.
(BBC)
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