Japan’s Role in Rescuing Wall Street
Japan’s wealthiest banks have $10billion in cashpiles, and eager to give it away. The top three banks have said they are open to negotiation with Wall Street institutions that may approach them; it has been rumored that Citibank, Lehman Brothers, and Bear Sterns are among some firms already in talks with these Japanese institutions. A Mitsubishi UFJ insider said his firm was planning to compete directly with the Asian firms for the troubled American banks.
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Categories: Finance
17Jan