Mitsubishi UFJ Financial Group may sell U.S. banking arm [MarketWatch]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: MarketWatch
Mitsubishi UFJ Financial Group Inc. is exploring the sale of its U.S. banking unit MUFG Union Bank, about 13 years after it acquired the West Coast lender for $3.5 billion, according to a Bloomberg report published on Friday. Citing people familiar with the deal, the news service reported the Japanese banking giant has held preliminary talks with potential buyers about a deal and may soon hire an investment bank to launch a formal sales process. As mergers heat up between smaller banks to compete with larger players such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. as well as financial technology companies, some overseas banks are mulling the sale of their U.S. operations to benefit from lofty acquisition prices.
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MUFG
Sec Filings
- 5/9/24 - Form 13F-HR
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- MUFG's page on the SEC website