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The company traces it roots to The Bank of California founded in 1864. It became Bancal Tri-State Corporation in 1972, UnionBanCal Corporation in 1996, and MUFG Americas Holdings Corporation in 2014. [2] In December 2022, its sold its consumer banking subsidiary, MUFG Union Bank, to U.S. Bancorp.
In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd. [8] When it was called MUFG UnionBank, it was a subsidiary of intermediate holding company, MUFG Americas Holdings Corporation, and a member of the Mitsubishi UFJ Financial Group. [9] In December 2022, the bank was acquired by U.S. Bancorp for $8 billion.
MUFG is Japan's largest financial group and one of the world's ten largest bank holding companies holding around US$1.5 trillion (JP¥227 trillion) in deposits as of April 2024. [8] In Japan, it is the largest of the three so-called megabanks with $2.9 trillion in total assets at end-March 2023, ahead of SMBC Group ($2.0 trillion) and Mizuho ...
Mitsubishi UFJ (MUFG) divesture of MUFG Union Bank to U.S. Bancorp (USB) ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call:
TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry ...
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The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018. [2] MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third ...
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