AFP
SINGAPORE (AFP) — The Government of Singapore Investment Corp (GIC), one of the world's largest sovereign wealth funds, would explore a possible stake in Morgan Stanley if the US investment bank made an approach, it said Thursday.
GIC has already helped to bail out Swiss bank UBS and Citigroup of the United States, both victims of a financial crisis that began in the US housing sector.
"Basically we will explore all opportunities if we are approached, which any investor would do," a GIC spokesman told AFP. "It's a big 'if'."
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