PRESS DIGEST - Wall Street Journal - May 30
May 30 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
Dec 12 Mitsubishi UFJ Financial Group is set to buy Bank of America Corp's stake in their Japanese private banking venture for 39 billion yen ($470 million), Bloomberg reported, quoting two people with knowledge of the matter.
Japan's biggest bank will own Mitsubishi UFJ Merrill Lynch PB Securities Co after buying the 49 percent, Bloomberg reported. ()
Bank of America's Japanese brokerage unit will continue to provide mutual funds, derivatives and structured products to the private bank even after the sale.
A Bank of America spokesman declined to comment on the report.
CARACAS, May 29 The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country.