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Morgan Stanley had no talks for govt stake: source

NEW YORK
Fri Oct 10, 2008 8:06pm EDT

NEW YORK (Reuters) - Morgan Stanley has not had discussions with the U.S. Treasury or the Federal Reserve about the government taking a stake in the bank, a person familiar with the matter said on Friday.

Crisis in Credit

Earlier, CNBC reported that it was possible the U.S. Treasury could acquire a stake in the company.

Morgan Stanley has a deal for a $9 billion investment by Japan's top bank, Mitsubishi UFJ Financial Group Inc, which is expected to close on Tuesday.

(Reporting by Paritosh Bansal; Editing by Gary Hill)
Crisis in Credit


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