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Morgan Stanley got a much-needed cash infusion on Monday, raising $9 billion by selling preferred shares to the Japanese bank Mitsubishi UFJ Financial Group Inc. ...more
October 14, 2008
Washington Mutual, the nation's largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter. ...more
December 11, 2007
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