Perhaps more to the point, last year, 100 people were arrested in the United States and the United Kingdom for stealing bank-account information and money itself from JP Morgan Chase, Ally Financial, and PNC Financial Services Group.
Last week Mitsubishi UFJ FinancialGroup (MUFG) converted 385 million shares of Morgan Stanley (MS) preferred shares to common, making MUFG a 22.4 percent owner of the U.S. investment bank.
Another sign that the turmoil is taking its toll: Vikram Gandhi , who was a senior banker in Morgan's respected financial institutions practice, is joining Credit Suisse First Boston next month, where the financial institutions group has been in disarray.