« ETHICAL » RATING OF UNION BANK OF CALIFORNIA , group UnionBanCal Corp and subsidiaries [+/-] [?]
7%
Job: 7% of company's jobs cut since 1998
12
Tax haven, secret bank account, shell companies: operates in 12 offshore financial center(s)
23
Sales: more than 23 billion(s) dollars/euros in annual sales
221
Top management: earns 221 times the US minimum wage (6 US$/hour)
2
Influence: 2 act(s) of direct corruption or lobbying
1
Advertising & marketing: 1 dubious practice(s)
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UnionBanCal Corp

 United States of America

Union Bank of California belongs to

shareholder
country     %
source
UnionBanCal CorpUnited States of America100

Brands

name
items photo compare the prices
Union Bank of CaliforniaSee the photo of: Union Bank of CaliforniaEthishop
UnionBanCalSee the photo of: UnionBanCalEthishop

Relevance: business & market share

yearbusinesssource
2006Union Bank of California is the 27th biggest bank in the USA.Forbes

World locations & Manufacturing

country incentive : address & contact : production type
source
Guam Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Agana & SWIFT BOFCGUGMXXX : SWIFT

Human impact

year
country : description
2007United States of America : Union Bank of California's money laundering woes have been mounting. UnionBanCal disclosed in July that it's facing U.S. Treasury Department civil penalties for violating anti-money laundering regulations. Union Bank said it had reserved $10 million to deal with those regulatory concerns, which seem to largely stem from its former business activities in Russia. 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.
2007United States of America : 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. Ricardo Mauricio Bernal, his brother Juan Manuel Bernal and Camilo Ortiz Echeverri are expected to plead guilty to federal charges that they laundered $3 million in drug money. They are facing years in prison. Lawyers for the brothers declined to comment. The Bernal brothers had infiltrated Ribadeo Casa de Cambio, a Mexican exchange house that has been shut down by Mexican regulators. Ribadeo had a bank account with Union Bank of California, and the Bernals used that account to move drug money into the financial system, launder it and move it to Colombia, court documents allege. Ribadeo was used to transfer $300 million through U.S. banks, says a U.S. Drug Enforcement Administration document. According to an affidavit filed in court by a DEA agent in the government's case against the Bernals, the brothers transferred $2.5 million to an undercover DEA bank account in 2004 and 2005 through Ribadeo's Union Bank account. U.S. Attorney R. Alexander Acosta originally charged the Bernals in March 2006 with money laundering and cocaine distribution.

Financials

year  assets source
2006 53  billion US$

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