Key financial regulators on Friday approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise, clearing big regulatory hurdles for a deal that will push U.S. Bank closer to the size of Wall Street’s mega banks.
This Wednesday, May 3, 2017, photo shows a U.S. Bank branch in Omaha, Neb. Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise, Friday, Oct. 14, 2022. The moves clear big regulatory hurdles for a deal that will push U.S. Bank closer to the size of Wall Street’s mega banks.
NEW YORK —
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