Results tagged “Mitsubishi UFJ”

MORGAN Stanley looks set to secure its future in Canary Wharf by turning Japanese.

The American investment bank, whose European headquarters are in Cabot Square, is selling up to 20 per cent of its shares to Japan’s Mitsubishi UFJ Financial Group as it looks to avoid a Lehman Brothers-style meltdown.

The deal, if completed, should help secure the future of Morgan Stanley’s business in the United States and Europe, including around 7,500 jobs in Canary Wharf.