|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||6.03|
|Forward Dividend & Yield||0.18 (3.50%)|
|1y Target Est||N/A|
Hanko, the personal stamps required for even simple transactions in Japan since the 1800s, are getting phased out at some of the country’s biggest financial institutions. For millennials in Japan, one of the most tech-obsessed places on Earth, the change is long overdue. “It’s too much work to bring hanko and do the paperwork just to withdraw money at branches,” said Tomoyuki Shiraishi, a 24-year-old construction worker in Kurashiki, western Japan.
The bank’s securities unit bought $500 million of bonds directly from oil and gas exploration firm CNX Resources Corp., with plans to parcel them off to investors later. Its decision to essentially guarantee the deal’s price allowed it to beat out Credit Suisse Group AG, which had already started gauging investor interest in the company, people familiar with the matter said. MUFG bought the bonds at a more aggressive level than what Credit Suisse was proposing to win the deal, after CNX Resources sought better terms from other banks.
TOKYO—Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc., agreed to buy an aircraft-finance business and a lending portfolio from Germany’s DZ Bank in a deal valued at more than $6 billion, the latest move by Japanese banks to seek higher-yielding businesses overseas. After the purchase, which is expected to close in the second half of this year, MUFG will become one of the world’s top players in the field, said Tatsuya Konishi, head of the aviation, shipping and transportation finance department at MUFG Bank, the group’s main lending unit. MUFG said it would take over a portfolio of loans totaling €5.6 billion ($6.4 billion) made by the DZ Bank aircraft-finance business.
FRANKFURT/TOKYO (Reuters) - Japan's Mitsubishi UFJ Financial Group has agreed to buy the aviation financing business of Germany's DZ Bank as it expands further into the sector and becomes more international. Under the deal, MUFG Bank and BOT Lease have agreed to take on the entire aviation finance portfolio of DZ Bank's DVB, which stood at 5.6 billion euros (£4.8 billion) in June 2018, the banks said in a statement. Reuters reported in November that MUFG had emerged as the leading bidder for the DVB aviation loans, although the initial expectation had been that the Japanese group might not take the entire business line of the German bank.
The assets MUFG bought from Germany’s second-largest bank, held by its subsidiary DVB Bank, include a loan portfolio of 5.6 billion euros ($6.4 billion) as well as the unit’s employees and “parts of the operating infrastructure,” according to press releases from both banks on Friday. The firms confirmed an earlier report on the sale by Bloomberg. The deal is the latest for Japan’s biggest bank in a spate of acquisitions abroad as it seeks to make up for diminishing returns in a country that’s beset by rock-bottom interest rates and slow economic growth.
(Bloomberg) -- The profitability of Australia’s first wave of renewable power projects may be threatened as lenders will likely push for some deleveraging when they come up for refinancing, according to the former chief risk assessor at the nation’s green bank.
A U.S. banking regulator on Friday ordered three U.S. branches of Japan’s biggest bank to strengthen anti-money laundering controls after finding weaknesses in their due-diligence and risk management procedures. The Office of the Comptroller of the Currency issued a cease-and-desist order for the New York, Chicago and Los Angeles branches of MUFG Bank Ltd., a subsidiary of Tokyo-based Mitsubishi UFJ Financial Group Inc. The OCC said the branches failed to file reports on suspicious customer activity in a timely matter and that there were “systemic deficiencies” in how the branches monitored high-risk transactions and correspondent accounts for foreign financial institutions.
The U.S. Office of the Comptroller of the Currency (OCC) said on Friday it had reprimanded MUFG Bank, Ltd. for lapses in its anti money-laundering controls and other compliance issues at its New York, Chicago and Los Angeles branches. The bank has agreed "to take comprehensive corrective actions to improve their...compliance program," the OCC said in a statement. MUFG Bank said in a statement on Friday it has made investments to complete the OCC's remediation, including the establishment of a division to oversee all global financial crimes compliance.
U.S. private equity firm Bain Capital has picked Nomura and Mitsubishi UFJ Morgan Stanley to manage an initial public offering of Japan's Toshiba Memory, a deal that could happen as early as September, people familiar with the matter said. The listing of the world's second-largest maker of NAND flash memory chips, which a Bain-led consortium bought for $18 billion two years ago, could be Japan's biggest IPO this year.
Russian state gas producer Gazprom has raised two loans worth 925 million euros from Mitsubishi UFJ Financial Group and Citibank, the Interfax news agency reported on Thursday citing company data. Gazprom ...
MOSCOW (Reuters) - Russian state gas producer Gazprom has raised two loans worth 925 million euros ($1.06 billion) from Mitsubishi UFJ Financial Group and Citibank, the Interfax news agency reported on ...
General Electric Company (NYSE: GE ) move to divest more GE Capital Assets with the sale of supply chain finance unit Trade Payable Services is a solid step, according to Bank of America Merrill Lynch. ...
MUFG has hired Scott McLallen as a managing director for its private equity sponsor coverage group. McLallen, who will report to Matt Maley, head of MUFG’s private equity sponsor coverage team, is slated ...
Japan's economy is on firm footing. Prime Minister Shinzo Abe has become the longest-serving leader since World War II. That stability and decent business prospects has imbued executives with the confidence, finally, to embark on capital expenditure and expansion. In fact, finding enough employees is normally the problem in Japan, not how to plot your business plan.
When Morgan Stanley sold one-fifth of itself to Mitsubishi UFJ Financial Group Inc. in 2008, naysayers said it had sold out too cheaply in the panic and shackled itself to a sleepy Japanese bank. “People thought we’d made a mistake,” Colm Kelleher, Morgan Stanley’s No. 2 executive, said recently. Today, the alliance between Morgan Stanley and MUFG, as it is known, has done for both banks what neither could have accomplished alone.
Mitsubishi UFJ Financial Group (MUFG) said on Wednesday it picked Kanetsugu Mike, the head of its core commercial banking unit, as its next president and CEO as Japan's largest lender accelerates efforts to expand overseas. Mike will also continue to serve as chief of the commercial banking unit, MUFG Bank, while current CEO Nobuyuki Hirano will become chairman, the company said in a statement. Joining what is today's MUFG in 1979, Mike, 62, has spent about half of his career outside Japan.
Mitsubishi UFJ Financial Group is set to name Kanetsugu Mike, the head of its banking unit, as president, a source with direct knowledge of the matter said on Tuesday. Current President Nobuyuki Hirano will become chairman while Mike will also continue to serve as CEO of the banking unit, said the source, who requested anonymity because he was not authorised to discuss the matter. An spokeswoman for MUFG, Japan's largest lender, said nothing had been decided.
Mitsubishi UFJ Financial Group (MUFG) reports impressive earnings for the first six months of fiscal 2018 (Sep 30, 2018), driven by low credit costs and strong capital.
Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest lender by assets, posted a lower quarterly profit and warned that the U.S.-China trade war as well as growing market volatility would pressure its performance in the second half. While MUFG raked in profits that were 200 billion yen ($1.75 billion) above its projections for April-September, it hiked its full-year view by only 100 billion yen - indicating it expects the first-half gains to be eroded in the coming months. Its new annual net profit forecast of 950 billion yen is also slightly below an average estimate of 959.5 billion yen from 14 analysts surveyed by Refinitiv.
The Tokyo-based bank said it had earnings of 23 cents per share. The bank posted revenue of $15.56 billion in the period. Its revenue net of interest expense was $15.56 billion, beating Street forecasts. ...
TOKYO (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) reported on Tuesday net profit for the second quarter eased 0.6 percent, with hefty income from the release of bad loan provisions failing to ...