"Union Banking Corporation From Wikipedia, the free encyclopedia The Union Banking Corporation (UBC) was a banking corporation in the US which was seized, under the Trading with the Enemy Act, during World War II in October 1942. The corporation, of which Prescott Bush, served as Director, and Vice President, was primarily controlled by the Harriman family and was alleged to be a Nazi organization.

Adolf Hitler's financiers, the CLN family, formed UBC to...