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Alaska Air merger suit judge warns he’ll block pretrial closing

  Bloomberg Alaska Air Group can’t complete its merger with Virgin America unless it gives at least seven days advance notice to the San Francisco federal court judge presiding over a consumer antitrust case contending the tie-up is anticompetitive. US District Judge William Alsup issued an order warning Alaska Air that “any consummation will be subject to divestiture,” meaning any ...

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Canada govt targets banks with risk-sharing plan

  Bloomberg Canada’s banks could see their costs rise by as much as 30 basis points under government proposals that would force them to take on a greater share of mortgage defaults, as policy makers seek to engineer a soft landing in the country’s housing market. The estimates, contained in consultation documents released by the country’s finance department, outline two ...

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Mitsubishi UFJ may open bank offices in Africa

  Bloomberg Mitsubishi UFJ Financial Group Inc. is considering opening offices in Kenya and Morocco to boost its African business as Japanese companies seek natural resource and infrastructure-related opportunities on the continent, a person with knowledge of the matter said. Japan’s largest bank has begun studying the possibility of opening the offices in the countries and no decision has been ...

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