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September 23, 2008

News : Japanese banks go shopping




Japanese financial institutions snap up troubled U.S. assets.

In the latest trend surrounding the global credit crisis, large Tokyo banks buy pieces of troubled U.S. banks.

Nomura Holdings is to buy Lehman Brothers Asia operations, while Mitsubishi UFJ is taking up to a 20 percent stake in Morgan Stanley..

Tara Joseph-Hui reports.

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