MUFG Bank to rebuild headquarters in Tokyo, consolidating group functions
President and CEO Junichi Hanzawa said the banking group hopes to enhance its comprehensive strength by bringing leadership together in one building.
Morgan Stanley doubles down in Japan to back MUFG’s wealth push
The New York-based lender has dispatched Darren Spencer, former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff.
The news comes after the Japanese Banks' Payment Clearing Network said it will lower interbank money transfer fees to ¥62 per transaction, effective from Oct. 1.
Little-known fees help Japan's trust banks dominate profitable niche market
Insiders say an 'industry custom' of termination fees keeps profitable business in the hands of a few big trust banks because newcomers balk at the cost.
Cash-loving Japan shifts from notes and coins in boost for banks
As banks move toward digitalization, the pandemic has added an incentive for consumers and merchants to avoid touching physical money.
Aeon to make 290 venues available for Japan's coronavirus vaccine rollout
Aeon made the decision after being asked by multiple local governments about vaccination venues.
NTT Docomo and MUFG Bank are working on jointly offering housing loan and unsecured loan services, aiming to reach an agreement by this spring, according to the sources.
Junichi Hanzawa, MUFG’s next banking unit chief, targets Asia for growth
Japan’s biggest bank has been aggressively expanding in Asia, where it has spent about $15 billion buying stakes in lenders in Indonesia, Thailand, Vietnam and the Philippines.
Mitsubishi UFJ Financial Group Inc. plans to name MUFG Bank Managing Executive Officer Junichi Hanzawa as president and CEO of the core banking unit, sources said Tuesday. The plan means that Hanzawa, 55, will become the first managing executive officer to directly assume the post ...
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.
The lack of interoperability between different cashless payment applications remains a hurdle both for consumers and retailers.
Japanese banks warn of tougher road ahead after solid earnings
MUFG and Mizuho raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ended Sept. 30.
