U.S. Bancorp (USB) has agreed purchase MUFG Union Bank from Mitsubishi UFJ Financial Group for approximately $8 billion, including $5.5 billion in cash and approximately 44 million shares of U.S. Bancorp common stock. Upon close of the deal, Mitsubishi UFJ Financial will hold a minority stake of approximately 2.9% in U.S. Bancorp.
As of June 30, 2021, MUFG Union Bank, N.A. operated 305 branches. MUFG Union Bank has assets of $133.2 billion, as of June 30, 2021. It is a member of the Mitsubishi UFJ Financial Group.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.