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Goldman gets $5bn injection from Buffett

Goldman Sachs has received $5bn (€3.4bn) from Berkshire Hathaway amid concerns over Goldman's dependence on short-term funding that led it and independent investment banking rival Morgan Stanley to become traditional bank holding companies earlier this week.

The investment came a day after Morgan Stanley's agreement to sell a $5.8bn stake to Mitsubishi UFJ Financial Group in a move a key analyst predicted would stir interest in US opportunities among non-US institutions.

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