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Automatic TRANSCRIPT

World today Morgan Stanley is buying key trade for thirteen billion dollars reporting on this in the Washington post is Renee Merle who joins us now on the como Newsline and as you report this is the biggest takeover by a U. S. bank since the Great Recession how big is eateries footprints in the investment world more than five million clients and you know hundreds of billions of dollars in assets some of you know big not just in terms of injecting the numbers to reach that this gives Morgan Stanley more completely you know no more more than I think it has a lot of what the client of the trade give access to you know mom and pop investors a whole new market what is it mean for those mom and pop investors that use the trade any big changes coming be a significant amount of trade strangers that you trade that iconic name will remain now they might now start feeling that they're getting advertised to do you owe more activity with Morgan Stanley maybe U. K. they'll get the opera checking account or savings account with a horrid feeling or other types of wealth investment advice for Morgan Stanley for the hoping to find some synergy there what they'll be able to take from the trade clients and offer them different types of products the big banks getting bigger might make some people nervous our regulators likely to approve this file we'll have to see but I think it's going to get a lot of scrutiny not just to regulators but from Democrats on and on Capitol Hill Ashley from Democrats who are still skeptical of big things like Morgan Stanley that had to get bailed out after the financial crisis the idea of them getting even bigger really Kerry to come people so we'll see whether regulators are okay with Morgan family picking this really big staff our any other banks trying to buy up these investment companies we kind of thing you learn in it five what and like we mentioned this is the biggest of acquisitions since the crisis a most big and burly skeptical of doing a really I'm hesitant to do these types of a big deal up until now so Pete if this deal gets approved by regulators yes we could see more acquisitions in this area for store thanks for a moral financial reporter for The