Mitsubishi UFJ Financial Group, Inc.'s (MUFG) core subsidiary, MUFG Bank, has announced the sale of 24 million shares of U.S. Bancorp's (USB) common stock. MUFG Bank acquired these shares of USB's common stock on Aug 3, 2023, at a purchase price of approximately $936 million. The move came as MUFG plans to optimize its regulatory capital efficiency. This transaction is not expected to impact the financial results of either MUFG or MUFG Bank for the fiscal year ending March 2025. Followed by the sale of MUFG ...