MUFG staff to set ‘personal rhythms’ with hybrid work model
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.
Most corporations have opposed climate change-related investor proposals, saying that they have already taken appropriate measures.
Japan’s biggest bank to bet ¥1 trillion on riskier asset push
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.
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.
Japanese banks’ ¥300 trillion dilemma puts focus back on riskier bets
Deposits at the nation’s top three banks alone grew by ¥41 trillion in the year ending in March.
Three major Japanese banks to support client firms' decarbonization
The banking groups will lend to client firms funds for investment in environmental fields and offer advice about reviewing management strategies in an eco-conscious manner.
Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050
The bank will also aim for carbon neutrality in its own operations by 2030, it said. The lender will provide annual updates on its progress toward the 2050 target.
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.
