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Morgan Stanley CEO called Citi's Pandit to propose merger

Thu Sep 18, 2008 10:55am EDT

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(Reuters) - Morgan Stanley CEO Mack called Citigroup CEO Pandit on Tuesday to discuss merger the NY Times reported.

* Stanley's Citi merger proposal turned down by Pandit - NY Times, cites 2 people familiar

* Morgan Stanley CEO told Pandit: "we need a merger partner or we're not going to make it" - NY Times

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