Economy / Japan
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Mitsubishi Financial To Fully Own UnionBanCal
August 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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On August 12 Japan's largest bank Mitsubishi UFJ Financial Group (MUFJ) announced that it will pay US$3bn for the 35% of UnionBanCal (UNBC) it doesn't already own. UNBC is a US bank holding company in San Francisco, California, with asset as of March 2008 of US$57.9bn. Its primary subsidiary is Union Bank of California, one of the 25 largest banks in the US, with 334 banking offices in Washington, Oregon and