# Banking problems?

**URL:** <https://discussion.fool.com/t/banking-problems/80603>\
**Category:** Macro Economic Trends and Risks\
**Created:** [November 14, 2022, 8:02pm UTC](https://discussion.fool.com/t/banking-problems/80603 "2022-11-14T20:02:57Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Divitias](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/divitias/32/9302_2.png) [@Divitias](https://discussion.fool.com/u/Divitias)\
**Post date:** [November 14, 2022, 8:02pm UTC](https://discussion.fool.com/t/banking-problems/80603/1 "2022-11-14T20:02:57Z")

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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](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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**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\
**Post date:** [November 14, 2022, 11:32pm UTC](https://discussion.fool.com/t/banking-problems/80603/2 "2022-11-14T23:32:43Z")

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

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**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\
**Post date:** [November 15, 2022, 11:27am UTC](https://discussion.fool.com/t/banking-problems/80603/3 "2022-11-15T11:27:46Z")

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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.

> **[U.S. Bancorp Receives Full Regulatory Approval for Acquisition of MUFG Union...](https://www.businesswire.com/news/home/20221019005570/en/U.S.-Bancorp-Receives-Full-Regulatory-Approval-for-Acquisition-of-MUFG-Union-Bank-Deal-Expected-to-Close-December-1)**
>
> U.S. Bancorp Receives Full Regulatory Approval for Acquisition of MUFG Union Bank; Deal Expected to Close December 1

DB2