The Business Times

Mitsubishi UFJ Finance Group

Banking & Finance

Japanese megabanks weigh Middle East evacuations, JPMorgan limits travel

Japan’s third-largest lender Mizuho Financial Group posted a record annual profit of 885 billion yen (S$7.9 billion) as the end of deflation proved a boon for Japan’s largest banks, although its fourth-quarter net profit fell 18%.
Banking & Finance

Japan’s megabanks forecast more record profits despite tariff uncertainty

“Most of our clients are Asian, so if their own currency is growing, that gives them more purchasing power for wealth management products,” Tan Su Shan, chief executive of Singapore’s biggest bank DBS Group.
Banking & Finance

Asian banks see big boost to wealth business as currencies rally

AUSTIN, TEXAS - MARCH 18: The Honda logo is displayed at the Howdy Honda dealership on March 18, 2024 in Austin, Texas. Honda Motor and Nissan Motor shares rose significantly after the companies announced a collaboration on electric vehicles. Nissan shares rose 5.6%, with Honda shares rising 2.7%. The collaboration is an effort to compete with other automakers both in the U.S. and China. Brandon Bell/Getty Images/AFP (Photo by Brandon Bell / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
Companies & Markets

Japanese insurers, banks to sell Honda shares worth US$3.3 billion, filing shows

Japan forbids commercial and investment banking arms of the same financial group from sharing client data without their consent.
Banking & Finance

MUFG is penalised by Japan’s financial regulator, Kyodo says

Toyota is also unwinding cross-shareholdings within its network of manufacturing partners.
Companies & Markets

Mitsubishi, Sumitomo Mitsui banks to divest 1.32 trillion yen in Toyota shareholdings

Climate resolutions commonly take the form of proposals to amend a company’s articles of incorporation, which in Japan requires a two-thirds majority.
Banking & Finance

Climate investors target Japan’s top banks, this time on board oversight: sources

FILE PHOTO: A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo
Banking & Finance

Japan's top bank Mitsubishi UFJ says Q3 profit triples

Citing several unnamed sources, Bloomberg said the three Japanese megabanks had extended a commitment letter to Nippon Steel for the dollar-denominated loans.
Companies & Markets

Japan's 3 megabanks to loan Nippon Steel US$16 billion for US Steel acquisition

The share purchase is subject to shareholder approvals as well as court and regulatory authorities.
Banking & Finance

Mitsubishi UFJ unit to buy Australia’s Link Administration for A$1.2 billion

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