Apr 14, 2016

Japan's biggest bank criticizes BOJ policy for fueling anxiety

The top executive of Japan’s biggest bank delivered a rare criticism of the central bank on Thursday, saying its negative-interest-rate policy has contributed to anxiety among households and companies and prolonging it may weaken financial institutions. “Both households and businesses have become skeptical about ...

Jan 6, 2016

Mitsubishi UFJ plans division to pursue fintech endeavors

Mitsubishi UFJ Financial Group Inc. has set up a unit to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said. The Innovation Lab division is starting with 15 employees in ...

Japan's largest bank said to enter fray for Bank Panin stake

Oct 26, 2015

Japan's largest bank said to enter fray for Bank Panin stake

Mitsubishi UFJ Financial Group Inc. has entered the running for a 39 percent stake in PT Bank Pan Indonesia, people with knowledge of the matter said, potentially setting up a battle between two of Japan’s largest banks. Japan’s biggest lender and its competitor, Mizuho ...

May 27, 2015

MUFG record profit masks vanishing loan earnings in Japan

Record profits at Mitsubishi UFJ Financial Group Inc. and at least 26 of the nation’s banks mask vanishing returns on lending in Japan that’s spurring them to venture overseas. Funding costs and administrative expenses related to operating hundreds of branches exceeded what the two ...

Apr 21, 2015

GE said to be in talks with Blackstone, Mitsubishi on sale of assets

General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter. ...

Jan 22, 2015

Mitsubishi UFJ said to have held talks to acquire DZ Bank's DVB

Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, held talks with DVB Bank SE about a possible takeover of the German shipping and aviation lender, sources said. Negotiations over the potential acquisition of the Frankfurt-based bank, which is majority owned by cooperative lender ...

Megabanks break glass ceiling for foreign managers

| Aug 28, 2014

Megabanks break glass ceiling for foreign managers

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Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.’s headquarters, where ...