MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG).
https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank
Putting this on top since some people don't seem to realize that this was not a merger but an acquisition, which makes the distribution of layoffs perfectly normal for such a transaction.