Jan 3, 2017

MUFG to launch virtual currency service

Mitsubishi UFJ Financial Group Inc. will issue its own virtual currency by March 2018 to provide a money transfer service at lower fees, becoming the first major Japanese banking group to launch such a business, according to sources. MUFG, Japan's biggest lender, will first issue ...

/ Aug 31, 2016

Google 'plans tie-up' with MUFG on Android Pay platform

Alphabet Inc. will tie up with Mitsubishi UFJ Financial Group Inc. on its Android Pay platform, a person with knowledge of the matter said, the latest move by a technology giant to tap Japan's rapidly growing digital payments market. Starting as early as this autumn, ...

Clouds lifting for Japan's banks as negative rates stay put

/ Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from a ...

/ May 13, 2016

MUFG, Hitachi agree on financial tie up, eye leasing merger

Mitsubishi UFJ Financial Group Inc. and Hitachi Ltd. said Friday they will form a capital and business alliance in financial services, with an eye to integrating their leasing companies in the future. Japan's largest lender hopes the alliance will help expand business in the area ...

MUFG plans to boost U.S. energy industry loans: CEO

/ Apr 17, 2013

MUFG plans to boost U.S. energy industry loans: CEO

Mitsubishi UFJ Financial Group Inc. plans to increase loans to energy and utility industries in the U.S. to capitalize on a recovery there, President Nobuyuki Hirano said. The bank, whose San Francisco-based UnionBanCal Corp. unit last week agreed to acquire $3.7 billion of U.S. property-loan ...