Is Morgan the next one?

LEH failed is one thing, if MS failed, the sky is really coming down… What do you say?

A $ 9 billion deal between Morgan Stanley and Mitsubishi UFJ Financial Group under which the Japanese bank would acquire a stake in Morgan Stanley is on track to close this weekend, the U.S. firm has told CNBC.

The BAC offering is not going very well. That is the most immediate data point to watch.