[lbo-talk] MUFG to raise $10.6 bln, Japan to take bank action

[uvj at vsnl.com]

WRAPUP 4-MUFG to raise $10.6 bln, Japan to take bank action
http://www.reuters.com/article/etfNews/idUST1353820081027?sp=true

Mon Oct 27, 2008

* MUFG says to raise up to $10.6 bln with new shares
* Japan PM pledges action to stabilise Japan markets
* Nikkei average tumbles to 26-year low (Recasts, adds details)

By David Dolan

TOKYO, Oct 27 (Reuters) - Mitsubishi UFJ Financial Group (8306.T: Quote,
Profile, Research, Stock Buzz), Japan's biggest bank, said it would raise up
to $10.6 billion to replenish a capital base depleted by a plunging stock
market and its investment in Morgan Stanley (MS.N: Quote, Profile, Research,
Stock Buzz).
http://www.reuters.com/article/etfNews/idUST1353820081027?sp=true