Morgan Rumors Were More Than Talk
Fund manager thinks venerable bank had little choice but to sell.
But the latest reports, which have Morgan heading to the altar with financial conglomerate Chase Manhattan (CMB), seem the most plausible scenario so far to a mutual-fund manager who has more than 5% of his assets invested in Morgan.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.