Banking NewsBanking news continually updated from thousands of sources around the net.MUFG: Willing to talk with UnionBanCal on takeover- August 15, 2008 The largest Japanese bank, also known as MUFG, offered earlier this week to buy the remaining shares it doesn't already own in San Francisco-based UnionBanCal Corp.http://www.topix.net/business/banking/2008/08/mufg-willing-to-talk-with-unionbancal-on-tak... Regulator: UBS defrauded NH student lender- August 14, 2008 New Hampshire securities regulators on Thursday accused banking giant UBS of defrauding the state's leading issuer of student loans.http://www.topix.net/business/banking/2008/08/regulator-ubs-defrauded-nh-student-lender?fr... JPM, Morgan Stanley settle securities probe- August 14, 2008 J.P. Morgan Chase & Co. and Morgan Stanley on Wednesday became the latest banks to reach settlements with New York Attorney General Andrew Cuomo and other regulators as part of a investigation into the collapse ...http://www.topix.net/business/banking/2008/08/jpm-morgan-stanley-settle-securities-probe?f... Wells Fargo Insurance acquires Santa Rosa insurance brokerage- August 14, 2008 Redwood City-based ABD Insurance and Financial Services , part of the Wells Fargo insurance unit, purchased the Martin firm's assets, adding owner Bud Martin and six employees to Wells Fargo's growing regional ...http://www.topix.net/business/banking/2008/08/wells-fargo-insurance-acquires-santa-rosa-in... 2 House Republicans seek Countrywide probe- August 14, 2008 Two Republicans are calling for an investigation into whether House lawmakers or staffers received preferential treatment from mortgage lender Countrywide Financial Corp.http://www.topix.net/business/banking/2008/08/2-house-republicans-seek-countrywide-probe?f... Regulators tighten Ohio bank oversight- August 14, 2008 Shares of a financial institution based in northeast Ohio have dropped more than 36% after it disclosed cease and desist orders from banking regulators.http://www.topix.net/business/banking/2008/08/regulators-tighten-ohio-bank-oversight?fromr... Bank subprime losses exceed $500 billion- August 14, 2008 Banks' losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types.http://www.topix.net/business/banking/2008/08/bank-subprime-losses-exceed-500-billion?from... Credit markets freefall continues, no end in sight just yet- August 13, 2008 JPMorgan Chase & Co.'s news that its credit losses of the past month and a half already exceed its second-quarter losses is sobering proof that an end to the credit crisis is still far off in the future.http://www.topix.net/business/banking/2008/08/credit-markets-freefall-continues-no-end-in-... MUFG seeks rest of UnionBanCal for $3 billion- August 13, 2008 Mitsubishi UFJ Financial Group , Japan's largest bank, said it would bid $3 billion to buy the remaining 35 percent of California's UnionBanCal Corp , as it looks for growth beyond its softening home market.http://www.topix.net/business/banking/2008/08/mufg-seeks-rest-of-unionbancal-for-3-billion... UBS execs knew of risk of U.S. rule breaches: report- August 13, 2008 Senior executives at Swiss bank UBS knew some of their bankers had acted in a way that meant they risked breaching American securities laws at least a year before the U.S. inquiries began, the Financial Times ...http://www.topix.net/business/banking/2008/08/ubs-execs-knew-of-risk-of-u-s-rule-breaches-... |