1011659--3/10/2010--UNIONBANCAL

related topics

{condition, economic, financial}

{financial, litigation, operation}

{regulation, change, law}

{loss, insurance, financial}

{capital, credit, financial}

{acquisition, growth, future}

{investment, property, distribution}

{operation, natural, condition}

{stock, price, share}

{system, service, information}

{regulation, government, change}

{debt, indebtedness, cash}

{personnel, key, retain}

{control, financial, internal}

{product, market, service}

{competitive, industry, competition}

{tax, income, asset}

U.S. and global economies have experienced a serious recession, unprecedented volatility in the financial markets, and significant deterioration in sectors of the U.S consumer and business economy, all of which present challenges for the banking and financial services industry and for UnionBanCal Corporation; the U.S. Government has responded to these circumstances with a variety of measures; there can be no assurance that these measures will successfully address these circumstances Difficult market conditions have adversely affected the U.S. banking industry The effects of changes of or increases in, or supervisory enforcement of, banking or other laws and regulations or governmental fiscal or monetary policies could adversely affect us Higher credit losses could require us to increase our allowance for credit losses through a charge to earnings Future legislative or regulatory actions responding to perceived financial and market problems could impair our rights against borrowers and decrease our revenue from other customers The need to account for assets at market prices may adversely affect our results of operations Fluctuations in interest rates on loans could adversely affect our business Fluctuations in interest rates on deposits or other funding sources could adversely affect our margin spread Our deposit customers may pursue alternatives to bank deposits or seek higher yielding deposits, which may increase our funding costs and adversely affect our liquidity position Substantial competition could adversely affect us Changes in accounting standards could materially impact our financial statements There are an increasing number of non-bank competitors providing financial services The continuing war on terrorism and overseas military conflicts could adversely affect U.S. and global economic conditions Adverse economic factors affecting certain industries we serve could adversely affect our business Adverse California economic conditions could adversely affect our business Our stockholder votes are controlled by The Bank of Tokyo-Mitsubishi UFJ The Bank of Tokyo-Mitsubishi UFJ's and Mitsubishi UFJ Financial Group's financial or regulatory condition could adversely affect our operations Potential conflicts of interest with The Bank of Tokyo-Mitsubishi UFJ could adversely affect us Restrictions on dividends and other distributions could limit amounts payable to us Risks associated with potential acquisitions or divestitures or restructurings may adversely affect us Privacy restrictions could adversely affect our business We rely on third parties for important products and services Our business could suffer if we fail to attract, retain and successfully integrate skilled personnel The challenging operating environment and current operational initiatives may strain our available resources Significant legal or regulatory proceedings could subject us to substantial uninsured liabilities Changes in our tax rates could affect our future results Our credit ratings are important in order to maintain liquidity. We are subject to operational risks Negative public opinion could damage our reputation and adversely impact our business and revenues Our framework for managing risks may not be effective in mitigating risk and loss to our company Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud

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1011659--3/10/2010--UNIONBANCAL_CORP