U.S. Bank takes step to boost capital after MUFG Union Bank deal
American Banker
AUGUST 3, 2023
The Minneapolis company is issuing stock to the Japanese banking giant that previously owned MUFG Union Bank in order to repay part of a $3.5 The move will also boost a key capital ratio, which sagged after the deal was completed, but is expected to cut into U.S. billion obligation. Bancorp's earnings per share.
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