Although UnionBanCal 's UB third-quarter earnings fell 5% compared to the same quarter ..... believe that a portion of the market's concern is overdone, as UnionBanCal 's cost of funds remains quite low, at 1.78%, which is below
once-substantial cash hoard into purchases of stakes in UnionBanCal UB and Morgan Stanley MS, Mitsubishi UFJ Financial Group MTU ..... actions by the Japanese lender. Its offer for the portion of UnionBanCal it did not already own was made at a substantial premium
In its third-quarter earnings release, UnionBanCal UB gave an update on the nearly completed merger with The ..... acquire the remaining 3% soon. There are clear signs that UnionBanCal 's loan quality is deteriorating. Charge-offs climbed
On Monday, UnionBanCal UB board members and Mitsubishi Financial Group MTU (parent company ..... tender offer from the Japanese bank to acquire the 35% stake in UnionBanCal it does not already own. The new price per share, $73.50
Japan's largest bank, The Bank of Tokyo-Mitsubishi, said it intends to buy the 35% of UnionBanCal Corp UB it doesn't already own. Offering $63 per share (a 19% premium to our previous fair value), the total bid is valued at $3 billion.
We are placing the shares of UnionBanCal UB under review while we re-examine our assumptions.
UnionBanCal UB announced its expectation of increased provisions in the fourth quarter ..... the bank reports its full-year 2007 earnings next week. Overall, UnionBanCal continues to stand head and shoulders above its peers when it comes
UnionBanCal ’s UB third-quarter results were once again disappointing; we’re ..... not gone out on the bank’s other shining star: credit quality. UnionBanCal continues to defy the odds, with net charge-offs to 0.02% of
UnionBanCal 's UB results were once again a mixed bag in the second quarter. We're leaving our fair value estimate unchanged. The bank continues
On Wednesday, UnionBanCal UB announced the appointment of Masaaki ..... contention that the CEO position at UnionBanCal is merely a stepping stone for members ..... Bank of Tokyo with the tumble that UnionBanCal 's net interest margin has taken