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Japan's MUFG to close up to 40% of domestic bank branches

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Japan's Mitsubishi UFJ Financial Group (MUFG) said on Wednesday it would shutter up to 40 per cent of its domestic branches by fiscal 2023 as the lender plans to adopt more cost-cutting measures in response to the coronavirus crisis.

[TOKYO] Japan's Mitsubishi UFJ Financial Group (MUFG) said on Wednesday it would shutter up to 40 per cent of its domestic branches by fiscal 2023 as the lender plans to adopt more cost-cutting measures in response to the coronavirus crisis.

MUFG, the country's largest lender by assets,...

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