Mitsubishi UFJ Finance Group

Japanese megabanks weigh Middle East evacuations, JPMorgan limits travel

The war threatens years of effort by Middle Eastern governments to court global financial firms as part of plans to diversify their economies away from oil

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%.

Japan’s megabanks forecast more record profits despite tariff uncertainty

The banks expect Japanese companies to keep investing and each has extensive overseas operations across different financial services

“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.

Asian banks see big boost to wealth business as currencies rally

[HONG KONG, SINGAPORE] A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US dollar-denominated assets and demand for hedging grows ...

The secondary share offering from a total of 10 financial institutions would come up to 300 million shares including over-allotment, with the price yet to be decided.

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

The move is to unwind cross-shareholdings which can lead to lax governance by protecting management from shareholders

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

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

JAPAN’S financial regulator penalised Mitsubishi UFJ Financial Group’s (MUFG) flagship banking unit and two joint ventures for violating client confidentiality rules, Kyodo News reported.

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

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

MITSUBISHI UFJ Financial Group and Sumitomo Mitsui Financial Group will start divesting 1.32 trillion yen (S$11.4 billion) worth of strategic shareholdings in Toyota Motor, sources with knowledge of t...

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

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

A COALITION of climate groups filed shareholder proposals with Japan’s top three banks, including Mitsubishi UFJ Financial Group, calling for stricter board oversight of climate-related risks, sources...

Mitsubishi UFJ posted a net profit of 370.64 billion yen (S$3.35 billion) for the October-December period, against 112.08 billion yen a year earlier.

Japan's top bank Mitsubishi UFJ says Q3 profit triples

Mitsubishi UFJ Financial Group, Japan’s largest lender by assets, on Monday (Feb 5) reported its third-quarter net profit tripled.

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

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

Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group will lend Nippon Steel a combined US$16 billion for its planned acquisition of US Steel, Bloomberg reported ...

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

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

AUSTRALIA’S Link Administration said on Monday (Dec 18) that a unit of Mitsubishi UFJ Financial Group (MUFG) has agreed to buy the company for an equity value of A$1.2 billion (S$1.07 billion).