CIC gets Fed approval about the purchase of the 10% voting stake in Morgan Stanley

Posted on 09/01/2010

Just recently, the United States Federal Reserve approved the purchase of a 10% voting stake in Morgan Stanley, one of the largest investment banks in the world.  The Fed recognizes the China Investment Corporation as a sovereign wealth fund.  The CIC has had investment agreements dating back to 2007.  The Fed, in its statement, said […]