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MUFG Union Bank
MUFG Union Bank (stylized as UnionBank), is a nationally chartered full-service bank with 398 branches in California, Washington and Oregon which was wholly owned by MUFG Americas Holdings and has been acquired by U.S. Bancorp. Formerly known as ''Union Bank of California, N.A.'', the bank also has commercial branches in Dallas, Houston, New York City and Chicago, as well as two international offices. Headquartered in New York City, MUFG Union Bank, N.A. is a subsidiary of intermediate holding company, MUFG Americas Holdings Corporation, and a member of the Mitsubishi UFJ Financial Group (). As of December 31, 2021, MUFG Americas Holdings Corporation had US$163 billion in assets and the Mitsubishi UFJ Financial Group had total assets of approximately US$3.4 trillion. Its foundation is built on six lineages; three originating in California and three in Japan (Bank of Tokyo, Mitsubishi Bank and UFJ Bank). History Union Bank In 1914, Kaspare Cohn founded Kaspare Cohn Commerci ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Prudential Insurance
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both Investor#Retail_investor, retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company uses the Rock of Gibraltar as its logo. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Snake Hill, Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a simplified pictogram symbol of the Rock of Gibralt ...
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Bureau De Change
A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de change" is widely used throughout Europe and French-speaking Canada, where it is common to find a sign saying "exchange" or "change". Since the adoption of the euro, many exchange offices have started incorporating its logotype prominently on their signage. In the United States and English-speaking Canada the business is described as "currency exchange" and sometimes "money exchange", sometimes with various additions such as "foreign", "desk", "office", "counter", "service", etc.; for example, "foreign currency exchange office". Location A bureau de change is often located at a bank, at a travel agent, airport, main railway station or large stores—namely, anywhere there is likely to be a market for people needing to convert currency. ...
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Justice Minister
A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice. The ministry or department is often headed by a minister of justice (minister for justice in a very few countries) or a secretary of justice. In some countries, the head of the department may be called the attorney general, for example in the United States. Monaco is an example of a country that does not have a ministry of justice, but rather a Directorate of Judicial Services (head: Secretary of Justice) that oversees the administration of justice. Vatican City, a country under the sovereignty of the Holy See, also does not possess a ministry of justice. Instead, the Governorate of Vatican City State (head: President of the Governorate of Vatican City State), the legislative body of the Vatican, includes a legal office. Depending on the country, specific duties may relate to organizing the justice system, overseeing the public pros ...
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Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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UnionBanCal Corporation
MUFG Americas Holdings Corporation (formerly known as UnionBanCal Corporation) is an intermediate bank holding company based in New York City. It is the parent company of MUFG Union Bank, N.A. and MUFG's consolidated U.S. operations. MUFG Americas Holdings (MUAH) is itself a wholly owned subsidiary of MUFG Bank, Ltd., a member of the Japanese Mitsubishi UFJ Financial Group conglomerate. History MUAH had total assets of $163 billion as of December 31, 2021. Its predecessor, UnionBanCal Corporation, had assets of $105 billion as of December 31, 2013. MUAH has the largest presence in the U.S. among all other Japanese Banks, as competitors Sumitomo Mitsui Financial Group and Mizuho Financial Group do not operate U.S. branch banking subsidiaries. In 2013, bank officials stated that the bank's aim was to become the tenth largest financial operating institution in the U.S. through aggressive acquisition(s). In May 2014, Union Bank, N.A. announced it would be changing its legal name ...
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Bank Of California
The Bank of California was opened in San Francisco, California, on July 4, 1864, by William Chapman Ralston and Darius Ogden Mills. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. History The ancestor of the bank was the banking firm of Garrison, Morgan, Fretz & Ralston, established in San Francisco in January 1856 by a group that included Ralston, Cornelius K. Garrison and R.S. Fretz. Ralston established the Bank of California in 1864 when he sold shares to 22 of the state's leading businessmen for $100 a share. The bank opened on July 4, 1864, with Darius Ogden Mills as president and Ralston as cashier; Louis McLane was on the board of directors. A branch was opened in Gold Hill, Nevada, near Virginia City, on September 4, 1864. William Sharon was long the bank's Nevada agent. Built of stone quarried on nearby Angel Island in San Francisco Bay, the Bank of Cal ...
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San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of California cities by population, fourth most populous in California and List of United States cities by population, 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the County statistics of the United States, fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and '' ...
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UnionBank Logo
Union Bank or Unionbank may refer to: * Unionbank, an Austrian bank active created in 1870, merged into Allgemeine Bodencreditanstalt in 1927 * Union Bank (Albania) * Union Bank of Australia, became part of Australia and New Zealand Banking Group * Union Bank Limited (Bangladesh) * Union Bank of California, now named MUFG Union Bank * Union Bank of Halifax, Nova Scotia * Union Bank of Hong Kong, now named Industrial and Commercial Bank of China (Asia) * Union Bank of India * Union Bank of Israel * Union Bank (Jordan), a bank in the Arab world * Union Bank of London, later National Provincial Bank * Union Bank (Morrisville, Vermont) * Union Bank of New London, earliest predecessor of failed Bank of New England (Massachusetts) * Union Bank of Nigeria * Union Bank of Norway, branded as Sparebanken NOR * Unionbank (Philippines), a Philippine bank created in 1968 * Union Bank (Pakistan) * Union Bank (Pembrokeshire), England * Union Bank of Scotland, now part of Bank of Scotland * ...
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UnionBank Of California
Union Bank or Unionbank may refer to: * Unionbank, an Austrian bank active created in 1870, merged into Allgemeine Bodencreditanstalt in 1927 * Union Bank (Albania) * Union Bank of Australia, became part of Australia and New Zealand Banking Group * Union Bank Limited (Bangladesh) * Union Bank of California, now named MUFG Union Bank * Union Bank of Halifax, Nova Scotia * Union Bank of Hong Kong, now named Industrial and Commercial Bank of China (Asia) * Union Bank of India * Union Bank of Israel * Union Bank (Jordan), a bank in the Arab world * Union Bank of London, later National Provincial Bank * Union Bank (Morrisville, Vermont) * Union Bank of New London, earliest predecessor of failed Bank of New England (Massachusetts) * Union Bank of Nigeria * Union Bank of Norway, branded as Sparebanken NOR * Unionbank (Philippines), a Philippine bank created in 1968 * Union Bank (Pakistan) * Union Bank (Pembrokeshire), England * Union Bank of Scotland, now part of Bank of Scotland * ...
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