U.S. Bancorp closes $8bn acquisition of MUFG Union Bank

U.S. Bancorp closes $8bn acquisition of MUFG Union Bank

U.S. Bancorp has wrapped up the previously announced $8 billion acquisition of the core regional banking franchise of MUFG Union Bank from Mitsubishi UFJ Financial Group. As per the terms of the deal announced in September 2021, Mitsubishi UFJ Financial Group will hold a stake of around 2.9% in U.S. Bancorp. U.S. Bancorp said that […]