Company: UnionBanCal Corporation

UnionBanCal Corporation : [UB Loading... ()

UnionBanCal cuts key lending rate to 4.5 percent

| Source: The Associated Press

UnionBanCal Corp. on Wednesday reduced its reference lending rate to 4.5 percent from 5 percent, matching a 0.5 percent rate cut in a key lending rate by the Federal Reserve earlier in the day.

MUFG says no plans to back out on Morgan Stanley

| Source: Reuters

Mitsubishi UFJ Financial Group <8306.T>, Japan's top bank, said it has no plans to back out of its $9 billion investment in Morgan Stanley <MS.N>, even as the global market sell-off has sent shares of the U.S. firm sharply lower.

MUFG says no plans to back out on Morgan Stanley

| Source: Reuters

TOKYO (Reuters) - Mitsubishi UFJ Financial Group <8306.T>, Japan's top bank, said it has no plans to back out of its $9 billion investment in Morgan Stanley <MS.N>, even as the global market sell-off has sent shares of the U.S. firm sharply lower.

UnionBanCal Nears Mitsubishi UFJ Buyout Deal

| Source: The New York Times

Mitsubishi UFJ Financial Group, one of Japan’s largest banks, is near a deal to buy the remaining part of UnionBanCal Corporation for about $3.5 billion, people involved in the deal told the New York Times.

The Week: Playing By the Numbers

| Source: CNBC.com

A flood of numbers from both government and industry confronted investors through the week, making for some choppy trading and a lot of educated guesses from analysts, fund managers, and investors.

Bove Banking On (Selected) Financials

| Source: CNBC.com

Lots of analysts and fund managers tell investors that the credit crunch is not over, with more write-downs expected -- and that financial stocks are to be avoided at all costs. But Punk Ziegel's Richard Bove is not among them.