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 […]
