Business / Corporate May 16, 2022
Japan's top lender MUFG expects profit fall after record year
Japan's largest lender has said it expects a 12% drop in annual net profit due to market volatility and an uncertain economic outlook.
Business Apr 22, 2022
Japan banks target growth in cooling U.S. high-yield debt market
by Makiko Yamazaki and Yuki Nitta
The banks are facing increasing risks and dwindling opportunities, testing their staying power.
Business / Corporate Jan 14, 2022
Green push ending 150-year tradition of bank passbooks in Japan
by Takashi Umekawa
The country’s largest bank will soon require new clients to pay ¥550 a year for a passbook in a bid to encourage them to embrace digital services.
Business / Corporate Dec 24, 2021
Mitsubishi UFJ targets Asia unicorns with debt-finance fund
by Taiga Uranaka and Yuki Hagiwara
Japan’s largest lender will start a ¥34 billion fund early next year after upsizing its first joint-venture fund earlier this year.
Business / Corporate Nov 16, 2021
Combined six-month profits of five Japanese banking groups hit record high
Mitsubishi UFJ enjoyed its highest-ever net profit, partly thanks to the contribution of affiliated U.S. financial giant Morgan Stanley.
Business / Corporate Sep 21, 2021
Mitsubishi UFJ to sell part of American unit to U.S. Bancorp
The Japanese financial group will acquire MUFG Union Bank's operations for corporate customers and then sell all the shares to U.S. Bancorp, the sources said.
Business / Economy Aug 19, 2021
Top U.S. operator Coinbase ties up with MUFG to start Japan cryptocurrency exchange
There were already 31 companies registered to trade cryptocurrency assets in the nation, including Coincheck Inc., owned by Monex Group Inc., and GMO Coin Inc.
Business / Corporate Aug 4, 2021
MUFG staff to set ‘personal rhythms’ with hybrid work model
by Harriet Habergham
At the pandemic's peak, around 98% worked remotely — now MUFG employees in Europe, the Middle East and Africa can decide how they want to work.
Business Jun 20, 2021
Most corporations have opposed climate change-related investor proposals, saying that they have already taken appropriate measures.
Business / Corporate Jun 11, 2021
Japan’s biggest bank to bet ¥1 trillion on riskier asset push
by Taiga Uranaka and Yuki Hagiwara
Mitsubishi UFJ Financial Group Inc. expects to begin buying credit, equities and alternative assets in the second half of this year that will likely focus on U.S. securities.
Business Jun 9, 2021
MUFG Bank scrambles to return cards and bank books after ATM glitch
The bank confirmed that there had been 103 incidents of cash cards and bank books being swallowed by the machines instead of being returned to customers after use.