• Bloomberg

  • SHARE

Mitsubishi UFJ Financial Group Inc. is considering a bid for Bank of New York Mellon Corp.’s corporate trust arm, sources with knowledge of the matter said.

The sources, who asked not to be identified as the deliberations are private, didn’t say how much Mitsubishi UFJ may offer. BNY Mellon, the world’s largest custody bank, is working with Goldman Sachs Group Inc. to find buyers for the unit, which could fetch at least $2.5 billion, a source said last month.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW