Gary Gordon a stock analyst at Portales Partners, an independent research firm, says there are three big differences between WaMu and the California bank taken over by federal regulators.
When bank customers lined up at California's Indymac Bank this week, we were reminded that bank failure is on the rise this year - five so far, and more are expected.
Union Bank of California, the nation's 27th biggest bank and the main unit of UnionBanCal Corp.
The San Francisco, California-based bank, of which Warren Buffett is a major shareholder, also announced a share buyback program, with plans to buy about 200 million shares or about 3.8% of its shares outstanding.
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In August, the California state Senate blocked its bid to buy Franklin Financial, a one-branch bank in Southern California.
Its Union Bank of California subsidiary is the largest overseas franchise of any Japanese financial institution.
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Wells is a dominant bank in California, where it is based, and in the Midwest, West and Southwest.
This week's merger between NationsBank, an acquisitive North Carolina institution, and BankAmerica, California's biggest bank, has changed all that.
Union Bank of California refused to comment on its relationship with Ribadeo and the money laundering issues raised by regulators.
Following a U.S. Justice Department investigation, Union Bank of California is trying to resolve the feds' concerns about its relationship with Ribadeo.
Forbes first reported in August that Union Bank of California was working with the feds to resolve money laundering concerns involving Ribadeo Casa de Cambio.
Last year Mitsubishi-Tokyo UFJ, operating through the 100 percent subsidiary Union Bank of California, captured 13 percent of this business, placing it in first place.
The third (and final) profit-maker was Union Bank of California, contributing JPY 46.1 billion, up from a loss of JPY 7.3 billion in FY 2009.
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Union Bank of California's money laundering woes have been mounting.
Armed with his patents and financing from Crocker First National Bank in California he established a small laboratory in San Francisco on Green Street, at the foot of Telegraph Hill.
Three Colombians at the center of the Union Bank of California saga have been extradited to the U.S. and are set to plead guilty in federal court in Miami early Tuesday, a court document shows.
Union Bank of California severed its relationship with hundreds of Russian banks in 2004 and sold most of its international operations in 2005 in connection with money laundering issues raised by the Federal Reserve Bank of New York.
Earlier this year, two other AOL Time Warner shareholders - the University of California and the Amalgamated Bank's Long View Collective Investment Fund - alleged in a lawsuit that some of the firm's top executives boosted its share price through bogus transactions.
On February 11, 2010, Ohayon and Papera were indicted in federal court in the Northern District of California for conspiracy to commit bank fraud, bank fraud, and money laundering.
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Florida and California were 2nd and 4th for bank failures from 2008-2011 and Washington was tied for 5th with Minnesota.
The bank targets borrowers in California, the nation's default epicenter.
Prosecutors allege that when the French bank bought a defunct California insurance company's junk bond portfolio in 1991, it was effectively taking control of the company with the help of clients and allies.
He can draw on his turnaround experiences both at Continental, which he joined in 1995 as it faced its third bankruptcy filing, and before that at American Savings Bank, a troubled California thrift, in the late 1980s (real estate being the culprit, of course).
The bank expanded first to southern California, then to New York, Atlanta, Boston, Houston and Seattle.
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As Marco Annunziata of UniCredit, an Italian bank, points out, California's debt amounts to less than 1% of America's GDP.
There were bankers from Wells Fargo, PNC, Prudential, Citibank, GE Capital, Capital One, Union Bank, Crestmark Bank and most of the California mid-sized banks.
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Two researchers, Karthik Muralidharan of the University of California at San Diego and Venkatesh Sundararaman of the World Bank, tested that idea in 300 state-run schools in Andhra Pradesh in India.
In the US, for instance, financial problems of the state of California are less dramatic for Californian banks because their activities and asset holdings are more diversified across the US. If a bank faces financial difficulties, funds required to restructure or recapitalize the bank would not have to come from the California government, but rather from a federal institution.
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The bank will open seven of the 28 centers in California including locations in greater Los Angeles, San Diego, the Inland Empire, the Antelope Valley and the northern and southern San Joaquin Valley.
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Sara Margalit Aviel, of California, to be United States Alternate Executive Director of the International Bank for Reconstruction and Development for a term of two years, vice Ana M.
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