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Updated from Wednesday, Sept. 17
Morgan Stanley (MS Quote) is reportedly considering a merger with Wachovia (WB Quote) or another bank, a tie-up that, if it occurred, would be the latest chapter in what is already one of the most transformational weeks ever on Wall Street.
The New York Times reported on the possible Morgan and Wachovia pact, citing people who had knowledge of the talks.
According to the report, Morgan CEO John Mack got a call from Wachovia executives Wednesday. At this point, the report said, the discussions are at a preliminary stage. Morgan Stanley and Wachovia had no comment. ...
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