High-res Ever wondered what a $9 billion check looks like? …Last fall, as the financial crisis peaked, Morgan Stanley’s stock tumbled and, like many of its peers, the bank suffered crippling cash shortages. In a hurried stock-for-cash swap, Morgan Stanley got the above payment from Japan’s Mitsubishi UFJ. Because it came on a weekend, the emergency funding couldn’t be electronically wired and had to be delivered in check form. continue reading… huffpost

Ever wondered what a $9 billion check looks like?

…Last fall, as the financial crisis peaked, Morgan Stanley’s stock tumbled and, like many of its peers, the bank suffered crippling cash shortages. In a hurried stock-for-cash swap, Morgan Stanley got the above payment from Japan’s Mitsubishi UFJ. Because it came on a weekend, the emergency funding couldn’t be electronically wired and had to be delivered in check form.

continue reading… huffpost

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  1. brooklynmutt posted this