HEARD ON THE STREET: MUFG Rights Plan Shows Lack of Planning
Never underestimate the ability of Japanese bank executives to mess up a good thing. MUFG says it will raise up to $11 billion by selling stock, and if the usual herd-mentality prevails, other Japanese banks are sure to follow. http://online.wsj.com/article/SB122510789252071639.html?mod=djemheard
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