MUFG

Japan’s megabanks lift profit forecasts to record highs, step up buybacks

The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions

MUFG is targeting clients with at least 300 million yen in total assets.

MUFG is hiring more bankers in Japan wealth management push

Backing the shift to this strategy is the government’s multi-year drive to get households to invest more

The fund will focus on mid-sized offices, residential properties and hotels in Tokyo, Osaka and Nagoya.

MUFG to launch 100 billion yen Japan real estate fund

The new fund is the latest in a run of Japanese property fund launches this year, as real estate prices climb and the central bank looks to hike interest rates further from still ultra-low levels

Japan’s largest financial groups have become increasingly acquisitive overseas as they contend with sluggish growth at home due to an ageing and shrinking population.

Mizuho, MUFG join race by Japan’s banks for money manager deals overseas

The banks collectively manage about US$1.3 trillion through their asset management arms, largely for local clients

MUFG has been ranked No 1 in US project finance loans for 15 successive years.

Japan’s MUFG targets US for securitisation business, plans to boost headcount

Investment in data centres, driven by demand for generative artificial intelligence, is increasing around the world

MUFG follows Tokyo-based rivals Nomura Holdings and Sumitomo Mitsui Financial Group in quitting the climate group that started in December.

MUFG to quit climate group as Japanese banks join Wall Street exits

The latest exits have emerged after a wave of NZBA defections by the largest banks in the US and Canada

MUFG has reached 99.9 per cent of its annual profit guidance of 1.75 trillion yen in the first nine months of the financial year, and is narrowly trailing the 1.841 trillion yen average annual estimate of 14 analysts polled by LSEG.

Japan’s biggest lender MUFG posts 32% jump in Q3 profit

Profit in the October-December period came in at 490.74 billion yen (S$4.29 billion) versus 370.64 billion yen a year earlier

Japan’s biggest bank said in November that it had fired an employee who allegedly stole money from the safe deposit boxes of dozens of customers.

MUFG Bank CEO, chairman to take pay cuts over safe deposit box theft

Junichi Hanzawa, CEO of MUFG Bank, and chairman Naoki Hori will have their compensation reduced by 30 per cent for three months

Panin Bank has also drawn interest from other Asian financial institutions, the sources say.

DBS, Japan’s top lenders said to be among bidders for Panin Bank

ASIAN banks including DBS Group Holdings, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group are among potential suitors for Bank Pan Indonesia, according to sources familiar wi...