UPDATE 1: Citi beat Wells on Wachovia, will acquire them for $2.16b. UPDATE 2: Morgan/Mitsubishi deal is done for $9b.
Posts Tagged ‘Union Bank’
BofA Acquires Merrill, Lehman Bankrupt, AIG May Fail, and What it All Means For Mortgages
Consider this list of news for the week (even though it’s only Monday): Best Buy Co. agreed to buy Napster (digital downloading of music) for $121 million.
What is a Credit Spread?, Payday Lending, Down Payment Assistance
Credit Spreads What is a “credit spread”? It is a yield difference, usually compared to a US Treasury security with a similar maturity, which reflects the issuer’s credit quality. One indicator that the bank could be in trouble is the widening of its credit spreads, evidence that investors believe the debt is riskier. Washington Mutual’s [...]
Union Bank of CA, Top Jumbo Lender, Taken Over By Mitsubishi
Mitsubishi Financial, Japan’s largest bank, increased its bid today to take over the third of Union Bank of California that it doesn’t already own. It will buy the remaining shares for an estimated $73.50 per share, valuing the bank at $10.1 billion. It’s the biggest bank deal announced this year.
