Morgan Stanley (MS +3.5%) reportedly wants to buy out Citigroup's (C +0.8%) stake in a wealth...

|About: Citigroup Inc. (C)|By:, SA News Editor

Morgan Stanley (MS +3.5%) reportedly wants to buy out Citigroup's (C +0.8%) stake in a wealth management fund in a transaction that could off as high as $10B - while taking advantage of Citi's need to raise capital. Under the terms of the deal, Morgan will get an option to buy 14% more of the wealth business - adding to the 51% stake it already holds.