Nasdaq, May 18, 2022, Mitsubishi UFJ’s (MUFG) U.S. Banking Arm Divesture Faces Delay
Earlier this month, U.S. Bancorp announced a five-year community benefits plan to build and support equitable access to capital for the communities it serves as part of the planned acquisition of MUFG Union Bank. The plan was developed in coordination with the National Community Reinvestment Coalition and the California Reinvestment Coalition. Given the company’s noble activities, we believe that the deal’s chances of not receiving the green flag are narrow.
