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Nissan Cancels Plan for Nissan Bank U.S. in Utah

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Sig2.40Sen-2.40Env0.00Soc0.00Gov-0.90

Nissan applied in June 2025 to Utah regulators and the FDIC to form Nissan Bank U.S., a state-chartered, federally insured bank. The company later canceled the Salt Lake City plan, citing cost reductions and long-term financial health, while continuing to pursue an industrial bank charter in Utah. S&P cut Nissan to BB- with a negative outlook.

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