The money network:

The money network:

Why crowdfunding threatens traditional bank lending

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June 1996

Asian joint ventures: Will Morgan's China liaison prove dangerous?


In their desire to expand in Asia, US investment banks have little choice but to get into bed with local partners. The most dramatic of the relationships so far forged has been Morgan Stanley's pioneering joint venture with the People's Bank of China. Will it blossom into a lasting and profitable marriage or will cultural clashes turn the partners against each other? Tony Shale reports


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