Bloomberg US Bancorp agreed to buy Mitsubishi UFJ Financial Group’s US regional bank for about $8 billion, expanding on the West Coast as consolidation in the finance industry intensifies. The price for MUFG Union Bank NA includes $5.5 billion in cash and about 44 million shares of US Bancorp common stock, according to a statement. The agreement excludes MUFG Union ...

Bloomberg Handelsbanken AB, Sweden’s third-largest bank, plans to distribute a stake worth about $1 billion in investment company Industrivarden AB to shareholders. “As a result of the bank’s good capital situation, the board of directors of Handelsbanken has resolved to convene an extraordinary general meeting and propose an extra dividend,” the company said in a statement. The bank’s capitalisation is ...

Bloomberg Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank. Consolidating the advisory business into the global investment bank would mirror a similar move last year to bring the Asian markets activities into that ...