Morgan Stanley and MUFG are in the midst of renegotiating their deal for MUFG to inject billions of capital into Morgan, the Journal reports.
Separately, Banco Santander of Spain is in talks to buy the balance of Sovereign Bank in the US. How they’ve avoided the carnage in Spain, the epicenter of the European housing bubble, remains a miracle. The Journal has that story as well. M&A flows will be dollar supportive in both instances.
