Banking problems?

U.S. Bancorp said Monday it no longer expects to close its $8 billion acquisition of the core regional banking franchise of MUFG Union Bank, N.A., as announced in September.

https://www.owler.com/reports/union-bank/union-bank--us-bancorp-says-merger-with-mufg-unit-/1652810161246

Anything to do with FTX I wonder

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More likely looking at its bond portfolio and saying, “holy…”!

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That news is from six months ago. More recently they have received regulatory approval and are moving ahead with the acquisition.

DB2

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