Tag - mufg

 
 

MUFG

Japan Times
BUSINESS / Companies
Dec 25, 2020
Junichi Hanzawa, MUFG’s next banking unit chief, targets Asia for growth
Japan's biggest bank has been aggressively expanding in Asia, where it has spent about $15 billion buying stakes in lenders in Indonesia, Thailand, Vietnam and the Philippines.
Japan Times
BUSINESS
Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.
Japan Times
BUSINESS / Markets
Nov 14, 2020
Japanese banks warn of tougher road ahead after solid earnings
MUFG and Mizuho raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ended Sept. 30.
Japan Times
BUSINESS / Companies
Nov 11, 2020
Japanese banks to hit profit goals as stimulus curtails bad loans
Any moderation of bad-loan charges would mirror a trend seen around the world this earnings season, after banks from Singapore to the U.S. kept defaults at bay.
BUSINESS / Companies
Oct 23, 2020
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.
Japan Times
BUSINESS / Markets
Aug 25, 2020
MUFG plans to offer COVID-19 bonds to individual investors
Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the COVID-19 pandemic.
Japan Times
BUSINESS
Jul 14, 2020
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.
Japan Times
BUSINESS / Companies
Apr 28, 2020
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.
BUSINESS
Feb 27, 2020
Bank of Japan asks major lenders about contingency plans following infection at MUFG
The rapid spread of the new coronavirus has prompted the Bank of Japan to ask major banks how prepared they are for a worsening of the outbreak, people with knowledge of the matter said.
Japan Times
JAPAN / Media / MEDIA MIX
Feb 22, 2020
Rethinking the need for personal stamps and seals in modern society
Last month, MUFG Bank Ltd. started offering ¥1,000 to each of its first 100,000 customers willing to give up their paper passbooks. MUFG wants people to switch to online banking, which is cheaper for banks — and not just because they can save on production costs. Banks pay billions of yen a year in...
BUSINESS / Companies
Feb 20, 2020
MUFG Bank to invest ¥80 billion in ride-hailing service Grab
MUFG Bank will form a capital and business alliance with Singapore-based ride-hailing service Grab, with the view to collaborating on retail financial services, sources have said.
Japan Times
BUSINESS / Companies
Feb 5, 2020
MUFG just posted first quarterly loss in a decade
Mitsubishi UFJ Financial Group Inc. has posted its first quarterly loss in a decade and cut its annual profit forecast after booking a hefty charge on its stake in an Indonesian bank.
Japan Times
BUSINESS / Companies
Feb 2, 2020
Japanese firms take Brexit in stride but worry over British prospects for trade talks with EU
Japanese companies in Britain are taking the British exit from the European Union in stride, but some are wary that if Britain-EU trade talks falter, prospects for business in Europe will become uncertain.

Longform

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