Japan's Mitsubishi UFJ considers sale of U.S. banking arm -report [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
Japan's Mitsubishi UFJ considers sale of U.S. banking arm -report By Reuters Staff 2 Min Read TOKYO (Reuters) -Mitsubishi UFJ is considering selling its U.S. banking arm MUFG Union Bank, Bloomberg reported on Friday, in what would mark a significant strategy shift for Japan’s biggest lender. Mitsubishi UFJ, one of the world’s biggest banks by assets, is working with an adviser to explore options for the U.S. subsidiary, Bloomberg reported, citing people familiar with the matter. A Mitsubishi UFJ spokesperson said the bank had no comment on the matter. The Japanese bank has had some informal talks with potential buyers but has not started a formal auction, Bloomberg said. MUFG Union Bank had around 300 branches as of the end of last year, with most of those retail branches on the West coast of the United States, its website shows. With assets of $132 billion, it provides corporate, commercial and retail banking as well as wealth management. It became a wholly owned unit of Mitsubishi
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MUFG
News
- Mitsubishi UFJ (MUFG) Repurchases 44.9M Shares Under 400M Plan [Yahoo! Finance]Yahoo! Finance
- MUFG Bank, Ltd. Announces MUFG to Introduce Share-Based Compensation Plan for Employees [Yahoo! Finance]Yahoo! Finance
- JGB yields slide with US peers as traders ponder BOJ path [Yahoo! Finance]Yahoo! Finance
- MUFG Investor Services U.S. Launches Professional Services Group [Yahoo! Finance]Yahoo! Finance
- London regtech GSS raises $47M to help banks screen for global sanctions [TechCrunch]TechCrunch
MUFG
Sec Filings
- 3/28/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/7/24 - Form 6-K
- MUFG's page on the SEC website