Mitsubishi UFJ Financial Group (NYSE: MUFG) today announced that it has completed the sale of MUFG Union Bank’s core regional banking franchise to U.S. Bancorp (NYSE: USB), following approvals from banking regulators in the U.S. and Japan.
MUFG Americas Holdings Corporation, parent company of San Francisco-based MUFG Union Bank, N.A. (the Bank), today announced that effective November 3, 2022, the Bank’s reference rate will increase to 7.00 percent from 6.25 percent.