Italian car maker Fiat is in talks with several banks on a possible capital increase to raise its stake in U.S. unit Chrysler, and a decision could come very soon, a person close to the matter said on Friday. Fiat is mulling a 1-2 billion euro ($1.3-$2.6 billion) capital increase next year to purchase out the remaining 41.5 percent of Chrysler, Il Messaggero reported earlier on Friday.The paper said Fiat's talks with UniCredit, Morgan Stanley, Bank of America and Goldman Sachs on the possible cash call were at an informal stage and no decision had been taken.Fiat declined to comment.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $10.54. In the past year, the shares have traded as low as $4.92 and as high as $10.71. On average, 152838000 shares of BAC exchange hands on a given day and today's volume is recorded at 0.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS remained unchanged at $17.80. In the past year, the shares have traded as low as $12.26 and as high as $21.19. On average, 20187100 shares of MS exchange hands on a given day and today's volume is recorded at 0.
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