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MUFJ and Morgan Stanley plan major consolidation of Japanese joint ventures

Mitsubishi UFJ Financial Group Inc. and Morgan Stanley will carry out their first major internal reorganization in more than a decade since the entities – Morgan Stanley MUFG Securities and Mitsubishi UFJ Morgan Stanley Securities – were formed in Japan.

The banking giants set up joint ventures in Japan in 2010 after forging an alliance in 2008.
The banking giants set up joint ventures in Japan in 2010 after forging an alliance in 2008. Photo: Shutterstock

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