Jan 3, 2017

MUFG to launch virtual currency service

Mitsubishi UFJ Financial Group Inc. will issue its own virtual currency by March 2018 to provide a money transfer service at lower fees, becoming the first major Japanese banking group to launch such a business, according to sources. MUFG, Japan’s biggest lender, will first ...

Clouds lifting for Japan's banks as negative rates stay put

/ Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from ...

MUFG plans to boost U.S. energy industry loans: CEO

/ Apr 17, 2013

MUFG plans to boost U.S. energy industry loans: CEO

Mitsubishi UFJ Financial Group Inc. plans to increase loans to energy and utility industries in the U.S. to capitalize on a recovery there, President Nobuyuki Hirano said. The bank, whose San Francisco-based UnionBanCal Corp. unit last week agreed to acquire $3.7 billion of U.S. ...