Union Banking Corporation

American banking corporation

Also known as: UBC

Learn about this topic in these articles:

Harriman
- In W. Averell Harriman
  …Harriman and helped establish the Union Banking Corporation (UBC), both of which were enmeshed with the financial interests of German industrialist Fritz Thyssen, who helped fund the rise of the Nazi Party. Despite the release of documents in the early 21st century that confirmed that UBC’s holdings were vested by…
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Prescott S. Bush
- In Prescott S. Bush: Business career, Brown Brothers Harriman & Co., and association with Nazi Germany
  Similarly infamous was the Union Banking Corporation (UBC), a BBH asset managed by Bush that transferred funds, bonds, gold, coal, oil, and steel to Nazi Germany during its military buildup. In 1942 the U.S. government, under the Trading with the Enemy Act, seized UBC and other German-affiliated BBH assets,…
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