MUFG rules out more job cuts at Asia brokerage after restructuring
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.
Mizuho, Japan's first megabank, facing tough going again 20 years after launch
The group is seeking to become "a next-generation financial institution," Tatsufumi Sakai, president and group chief executive officer, has said.
Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the COVID-19 pandemic. Mitsubishi UFJ Financial Group Inc. intends to issue sustainability bonds totaling as much as ¥150 billion ($1.42 billion) in September, after receiving requests from ...
Japan banks mull cuts to transfer fees that are slowing cashless push
Interbank transfer fees haven't budged for over 40 years and the government is calling for change as payment providers are just passing on the costs to retailers.
MUFG to support Southeast Asian students in Japan amid pandemic
Mitsubishi UFJ Financial Group Inc. said Friday it will donate a total of ¥400 million to support students from Southeast Asia who are facing difficulties continuing their study in Japan due to the economic fallout from the novel coronavirus pandemic. The donations will be made ...
Grab deal just the start of MUFG's focus on technology investment, says CEO
Hironori Kamezawa, 58, say the digital shift has picked up pace in the wake of the novel coronavirus pandemic.
Mega-bank MUFG to ban loans to makers of nukes, but not missiles
The bank's revised guidelines don't close the door on nuclear-related businesses that make missiles capable of carrying atomic weapons.
In cash-loving Japan, banks still busy despite coronavirus emergency
Elderly customers, a general lack of enthusiasm for electronic money and increased free time see high customer traffic at banks despite stay-at-home requests.
MUFG Bank to cut 8,000 jobs by March 2024, up from its initial plan
MUFG Bank, the banking unit of Mitsubishi UFJ Financial Group Inc., plans to slash its domestic workforce by around 8,000 employees by March 2024, expanding on its earlier planned reduction of 6,000, a source said Sunday. The bank will implement the increased labor force reduction, ...
Sumitomo Mitsui and Mizuho to end lending for new coal-fired plants
Sumitomo Mitsui Financial Group Inc. said Thursday it would no longer lend to new coal-fired power plants from May 1, a day after peer Mizuho Financial Group Inc. said it would stop financing new power projects involving the fossil fuel. The policy change comes as ...
