U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion

The Wall Street Journal2021-09-21

Deal boosts U.S. Bank’s presence in California and other parts of the West Coast. U.S. BancorpUSB-2.33%has agreed to buy MUFG Union Bank’s core regional banking franchise fromMitsubishi UFJ Financial...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Min_max
2021-09-22
Min_max
big deal…
Jjjjia
2021-09-21
Jjjjia
Like pls
- Jinhao94:
  Liked
deathdevil
2021-09-21
deathdevil
Like
- auahau:
  yes
- Jjjjia:
  Done
pam07
2021-09-21
pam07
Up
AlvisChung
2021-09-21
AlvisChung
Up
- NatYong:
  [美金] [美金] [美金]
Skyyyyyyyy
2021-09-21
Skyyyyyyyy
nice
- pam07:
  Up

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117531416?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-21 19:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117531416","market":"us","top_or_hot":-1,"title":"U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion","media":"The Wall Street Journal","content":"<div>\n<p>Deal boosts U.S. Bank’s presence in California and other parts of the West Coast.\n\nU.S. BancorpUSB-2.33%has agreed to buy MUFG Union Bank’s core regional banking franchise fromMitsubishi UFJ Financial...</p>\n\n<a href=\"https://www.wsj.com/articles/u-s-bancorp-to-buy-mufg-union-bank-for-about-8-billion-11632222366?mod=markets_lead_pos3\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Bancorp to Buy MUFG Union Bank for About $8 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/u-s-bancorp-to-buy-mufg-union-bank-for-about-8-billion-11632222366?mod=markets_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deal boosts U.S. Bank’s presence in California and other parts of the West Coast.\n\nU.S. BancorpUSB-2.33%has agreed to buy MUFG Union Bank’s core regional banking franchise fromMitsubishi UFJ Financial...</p>\n\n<a href=\"https://www.wsj.com/articles/u-s-bancorp-to-buy-mufg-union-bank-for-about-8-billion-11632222366?mod=markets_lead_pos3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USB","symbol_name":"美国合众银行","start_time":0,"source_url":"https://www.wsj.com/articles/u-s-bancorp-to-buy-mufg-union-bank-for-about-8-billion-11632222366?mod=markets_lead_pos3","article_id":"1117531416","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117531416","pubTimestamp":1632223108,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Deal boosts U.S. Bank’s presence in California and other parts of the West Coast.\n\nU.S. BancorpUSB-2","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"USB":"美国合众银行"},"translate_title":"美国Bancorp将以约80亿美元收购MUFG联合银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USB":0.9},"content_text":"Deal boosts U.S. Bank’s presence in California and other parts of the West Coast.\n\nU.S. BancorpUSB-2.33%has agreed to buy MUFG Union Bank’s core regional banking franchise fromMitsubishi UFJ Financial GroupMUFG-2.23%for about $8 billion in cash and stock, a deal that would boost U.S. Bank’s presence in California and other parts of the West Coast.\nThe purchase price includes $5.5 billion in cash and about 44 million shares of U.S. Bancorp common stock, the companies said Tuesday. MUFG will hold a minority stake of about 2.9% in U.S. Bancorp after the transaction is expected to close in the first half of 2022, they added.\nThe companies said they would have a combined presence in California, Washington and Oregon. Through the deal, U.S. Bank will gain more than a million consumer customers and about 190,000 small-business customers on the West Coast, in addition to about $58 billion in loans and $90 billion in deposits based on MUFG Union Bank’s June 30 balance sheet.\nU.S. Bancorp, which is the parent of U.S. Bank National Association, said it expects the transaction to add about 6% to per-share earnings in 2023. The deal has an estimated internal rate of return of more than 20%, it said.\nThe company expects about $900 million in pretax cost savings equal to 40% of estimated non-interest expenses through a combination of real-estate consolidation, technology and systems conversion and other back-office efficiencies. U.S. Bancorp said it expects to book $1.2 billion in merger charges.\nMUFG Union Bank on Sept. 20 entered into a consent order with the Office of the Comptroller of the Currency, the companies said. U.S. Bancorp said it has incorporated regulatory concerns into all aspects of the deal process. It said it expects to remediate issues applicable to MUFG Union Bank, and that the order won’t restrict U.S. Bancorp’s ability to operate and grow its business.\nU.S. Bank said it commits to retaining all MUFG Union Bank’s front-line branch employees.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":869330541,"gmtCreate":1632242176583,"gmtModify":1676530733632,"author":{"id":"3585869414507662","authorId":"3585869414507662","name":"Min_max","avatar":"https://static.tigerbbs.com/a19718c12eabe8d2a0c3e3a797bd178f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3585869414507662","idStr":"3585869414507662"},"htmlText":"big deal…","listText":"big deal…","text":"big deal…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869330541","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869098866,"gmtCreate":1632224933155,"gmtModify":1676530728275,"author":{"id":"4087709618925430","authorId":"4087709618925430","name":"Jjjjia","avatar":"https://static.tigerbbs.com/25215d9b4b22838734cba07948cafe46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087709618925430","idStr":"4087709618925430"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869098866","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5947012,"gmtCreate":1632231499501,"gmtModify":1634790161185,"authorId":3564660171292335,"author":{"id":3564660171292335,"idStr":"3564660171292335","authorId":3564660171292335,"name":"Jinhao94","avatar":"https://static.tigerbbs.com/acdaf2c50efc732ad49148e15b3d4a6a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869098866,"type":1,"supId":0,"prevId":0,"content":"Liked","text":"Liked","html":"Liked"}],"langContent":"EN"},{"id":869099221,"gmtCreate":1632224701563,"gmtModify":1676530728181,"author":{"id":"3586942609729444","authorId":"3586942609729444","name":"deathdevil","avatar":"https://static.tigerbbs.com/4be1d85c7649fbd2a69d825c1a37c903","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3586942609729444","idStr":"3586942609729444"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/869099221","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5946617,"gmtCreate":1632229594284,"gmtModify":1663234214354,"authorId":3575098313311401,"author":{"id":3575098313311401,"idStr":"3575098313311401","authorId":3575098313311401,"name":"auahau","avatar":"https://static.tigerbbs.com/51a7e0e9a14e5faa1ff39d0755eb5e92","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869099221,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"},{"id":5945909,"gmtCreate":1632224939381,"gmtModify":1634790257173,"authorId":4087709618925430,"author":{"id":4087709618925430,"idStr":"4087709618925430","authorId":4087709618925430,"name":"Jjjjia","avatar":"https://static.tigerbbs.com/25215d9b4b22838734cba07948cafe46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869099221,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":869090130,"gmtCreate":1632224487320,"gmtModify":1676530728154,"author":{"id":"3579836083643124","authorId":"3579836083643124","name":"pam07","avatar":"https://static.tigerbbs.com/68607a559c772e744d6d9d084e865f87","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579836083643124","idStr":"3579836083643124"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869090130","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869007875,"gmtCreate":1632224312397,"gmtModify":1676530728115,"author":{"id":"3577853138256044","authorId":"3577853138256044","name":"AlvisChung","avatar":"https://static.tigerbbs.com/6a0935cb5351b342a4ad73d73fb14a3f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577853138256044","idStr":"3577853138256044"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869007875","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5945827,"gmtCreate":1632224452829,"gmtModify":1663234208735,"authorId":3580207321438450,"author":{"id":3580207321438450,"idStr":"3580207321438450","authorId":3580207321438450,"name":"NatYong","avatar":"https://static.tigerbbs.com/62b1fa39b2974271d1c06e208f7b3571","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869007875,"type":1,"supId":0,"prevId":0,"content":"[美金] [美金] [美金]","text":"[美金] [美金] [美金]","html":"[美金] [美金] [美金]"}],"langContent":"EN"},{"id":869005537,"gmtCreate":1632223941529,"gmtModify":1676530728084,"author":{"id":"3559615530448068","authorId":"3559615530448068","name":"Skyyyyyyyy","avatar":"https://static.tigerbbs.com/8012dce89019095bbdf1391137a442e2","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3559615530448068","idStr":"3559615530448068"},"htmlText":"nice&nbsp;","listText":"nice&nbsp;","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869005537","repostId":1117531416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5945832,"gmtCreate":1632224481594,"gmtModify":1663234211126,"authorId":3579836083643124,"author":{"id":3579836083643124,"idStr":"3579836083643124","authorId":3579836083643124,"name":"pam07","avatar":"https://static.tigerbbs.com/68607a559c772e744d6d9d084e865f87","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869005537,"type":1,"supId":0,"prevId":0,"content":"<u>Up</u>","text":"<u>Up</u>","html":"<u>Up</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":28,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117531416"}