Mitsubishi UFJ Morgan Stanley Securities Co, the securities joint venture between Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley, will take a majority stake in the private banking arm of Japan’s largest lender. The joint venture will now own 75% of Mitsubishi UFJ Morgan Stanley PB Securities Co, with the remaining 25% residing with Mitsubishi UFJ’s commercial bank. Mitsubishi UFJ…
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