Teacher:You will be given a passage, and your task is to generate a Yes/No question that is answerable based on the given passage.
Teacher: Now, understand the problem? Solve this instance: On September 17, 2008, the British evening-news analysis program Newsnight reported that Morgan Stanley was facing difficulties after a 42% slide in its share price. CEO John J. Mack wrote in a memo to staff ``we're in the midst of a market controlled by fear and rumours and short-sellers are driving our stock down.'' The company was said to have explored merger possibilities with CITIC, Wachovia, HSBC, Standard Chartered, Banco Santander and Nomura. At one point, Hank Paulson offered Morgan Stanley to JPMorgan Chase at no cost, but Jamie Dimon refused the offer.
Student:
is morgan stanley part of jp morgan chase?