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Union Bank was an American national bank with 398 branches in California, Washington, and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.
Commerce Union Bank Sovran Financial Corp. Bank of America: 1987 NBD Bancorp: State National Corporation: NBD Bancorp: $103 million JPMorgan Chase: 1987 U.S. Bancorp: Peoples National Bank of Washington U.S. Bancorp: U.S. Bancorp: 1987 First Union Corp. Atlantic National Bank of Florida First Union Wells Fargo: 1988 Bank of New York: Irving ...
Citi is spending £1 billion ($1.2 billion) to renovate its London office into a "workplace for the future." The Citi Tower in Canary Wharf is due to open in 2026. Citi's approach is less strict ...
While Citi published its quarterly report earlier this month, showing net income of $3.2 billion, or $1.52 per diluted share, the true scale of the bank’s accomplishment was difficult to ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Citi reported a net income of $2.9 billion, or $1.34 per share, for the three months ended Dec. 31, compared to a $1.8 billion loss a year earlier. Total revenue rose to $19.6 billion, compared ...
At the time of the acquisition, O'Connor & Associates had over 500 employees and was one of the largest options trading firms in the world. [2] After the acquisition, O'Connor & Associates continued to operate as a subsidiary of Swiss Bank Corporation. In 1998, Swiss Bank Corporation merged with Union Bank of Switzerland to form UBS. [3]
The giant New York-based bank said in a regulatory document it will take more than $3 billion in one-time reserves and expenses as part of those fourth quarter results.