Sunday, April 28, 3:25 AM
San Francisco based Union Bank, a unit of Japan's Mitsubishi UFJ Financial Group (MTU), is reportedly in negotiations to acquire Morgan Stanley's (MS) trust-banking assets, which are valued at around $4B. Any deal would add to Union Bank's purchase of a portfolio of $3.7B in U.S. real-estate loans from Deutsche Bank as MUFG looks to expand overseas to offset anemic demand in Japan.
Comment![Financials, M&A, Top Stories]
Monday, April 8, 2:51 AM
San Francisco based Union Bank, a unit of Japan's Mitsubishi UFJ Financial Group (MTU), has agreed to acquire a portfolio of $3.7B in U.S. real-estate loans from Deutsche Bank (DB) subsidiary PB Capital. The acquisition is part of MUFG's strategy to expand overseas to offset anemic demand in Japan even as European banks sell assets in order to meet tighter capital regulations. (PR)
1 Comment[M&A, Financials]
Friday, March 15, 4:33 AM
GE (GE) has reportedly received a surprise bid for its 25.3% stake in Thailand's Bank of Ayudhya (BAY) from Malaysia's Khazanah Nasional, pitting the sovereign wealth fund against Japan's Mitsubishi UFJ Financial Group (MTU). GE is selling the holding, which is worth $1.8B, as part of its strategy of offloading non-core assets, having already sold a 7.6% stake in BAY in September for $466M.
Comment![M&A, Financials]
Friday, February 1, 6:15 AMMitsubishi UFJ Financial (MTU) FQ3 net profit of ¥532.4B vs. ¥525.1B (excl. one-time gain) in 3QFY12. (PR)
Comment![Earnings, Breaking News, Financials]
Tuesday, January 8, 7:58 PM
Japanese stocks extend their losses again today, as further gains for the yen hit exporters and overnight losses in the U.S. weighed on the overall market. The Nikkei Average is currently down 0.6% at 10,445: Sharp (SHCAY.PK -2.4%), Suzuki Motor (SZKMY.PK -2.3%), Honda (HMC -2.7%), and Mazda (MZDAY.PK -3.5%), Sony (SNE -1.8%). Mitsubishi UFJ Financial Group (MTU -1.7%), Mizuho Financial Group (MFG -1.9%), and Nomura Holdings (NMR -2.1%).
1 Comment[Global & FX]
Thursday, January 3, 8:05 PM
Japanese stocks move higher, as investors returned from a weeklong holiday to find the yen sharply weaker than when they left. The Nikkei Average jumped 2.8% to 10,686, with big export names posting heavy gains: Toshiba (TOSYY.PK +4.5%), Nikon NINOY.PK]] +5.3%), Hitachi (HTHIY.PK +3.8%), Bridgestone BRDCY.PK +7.1%), Toyota Motor (TM +4.5%), and Honda (HMC +4.9%). Financials also move up: Nomura Holdings (NMR +4.2%), Mitsubishi UFJ Financial Group (MTU +3.3%), Daiwa Securities Group (DSEEY.PK +3.6%.
Comment![Global & FX]
Wednesday, December 12, 2012, 5:41 AM
Bank of America (BAC) is reportedly close to selling its 49% stake in its Japanese joint venture with Mitsubishi UFJ Financial (MTU) to the latter company for ¥39B ($471M). The deal could be announced tomorrow. BofA unit Merrill Lynch Japan Securities will continue to provide mutual funds, derivatives and structured products to the JV even after the sale is completed.
4 Comments[Financials, M&A]
Thursday, December 6, 2012, 7:52 PM
Japanese stocks trade slightly higher early in the session, with the Nikkei Average posting fractional gains at 9,547. Banking shares are giving a boost: Sumitomo Mitsui Financial Group (SMFG +1.4%), Nomura Holdings (NMR +0.8%) and Mitsubishi UFJ Financial Group (MTU +0.7%).
Comment![Global & FX]
Thursday, November 29, 2012, 10:32 AM
Bank of America (BAC) is negotiating the sale of its 49% stake in a private banking JV to its partner Mitsubishi UFJ (MTU) for somewhere in the area of $488M, reports the WSJ. For BofA, it's another move to focus international strategy away from wealth management, and towards corporate banking and trading.
3 Comments[Financials]
Thursday, November 29, 2012, 4:08 AM
GE (GE) has reportedly attracted plenty of interest for its 25.3%, $1.5B holding in Thailand's Bank of Ayudhya, with Japan's Mitsubishi UFJ Financial (MTU) among those making first-round bids. GE acquired a 33% stake in Bank of Ayudhya in 2007 for $626M, but sold 7.6% in September for for $466M, indicating the conglomerate will make a healthy return on the investment.
2 Comments[Financials, M&A]
Tuesday, October 16, 2012, 3:39 AM
Japanese banks Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) are spreading the financial love this week: along with Resona, they're providing Panasonic (PC) with $7.6B of loan commitments, allowing the electronics giant to avoid having to raise money in the markets. Sumitomo and Mitsubishi are also reportedly helping Softbank finance its $20.1B acquisition of Sprint.
Comment![Financials, Top Stories]
Friday, October 12, 2012, 3:29 AM
Softbank (SFTBF.PK) is in negotiations with three major Japanese banks - Mizuho (MFG), Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) - about borrowing $23B to fund its bid for Sprint (S), Reuters reports. While Sprint is worth $17.3B, it also carries almost $15B of debt. Japanese investors have reacted with dismay to news of the talks, with Softbank's shares closing -17%.
9 Comments[Tech, Top Stories, On the Move, Consumer]
Thursday, October 4, 2012, 3:21 AM
Mitsubishi UFJ (MTU) Lease & Finance agrees to buy San Francisco-based Jackson Square Aviation from Oaktree Capital for $1.3B - an indicator of growing Japanese interest in global aviation finance. Sumitomo Mitsui paid $7.3B in June for Royal Bank of Scotland's aircraft leasing business.
Comment![Global & FX]
Monday, July 9, 2012, 11:55 AM
Mitsubishi (MTU) suspends two London-based traders in connection with the Libor-fixing probe. The two previously worked at Dutch lender Rabobank, one of at least a dozen banks under investigation by regulators. (earlier, Deutsche Bank)
Comment![Financials]