UFJ Holdings Inc. decided Tuesday to dip into its reserves to the tune of 1 trillion yen to make dividend payments, indicating that the group's new bank, which officially began operations the same day, is already desperately low on capital.
UFJ Bank opened by replacing the green clovers of Sanwa Bank and the red waves of Tokai Bank with a solid gold ring on a crimson background.
But it will need more than a fresh logo to climb out of a deep hole of bad debts and stock market losses.