Japan’s Mitsubishi UFJ Takes 21% Stake in Morgan Stanley as Spain’s Santander Moves on Sovereign

Morgan Stanley ( MS ) announced yesterday (Monday) that it closed its long-awaited deal with Mitsubishi UFJ Financial Group (ADR: MTU ), giving Japan’s largest financial group a 21% stake in the beleaguered U.S. investment bank. Meanwhile, Sovereign Bancorp Inc. ( SOV ) confirmed last night…