News on Mitsubishi UFJ Financial Group Inc.

Japan's Mitsubishi UFJ to issue China yuan bonds

2010-02-23T08:58:08Z

<div><p>Bank of Tokyo-Mitsubishi UFJ said Monday it plans to issue yuan-denominated bonds in China early next year after becoming the first foreign commercial bank to obtain government approval.</p><p>The Japanese bank, which was given the green light by China's banking regulator on Thursday, will issue...

MUFG sets share price 428 yen, to raise $11.6 billion

2010-02-23T16:29:31Z

<div><p>TOKYO (Reuters) - Mitsubishi UFJ Financial Group, Japan's largest bank, priced a share sale at 428 yen on Monday to raise up to 1.03 trillion yen ($11.6 billion) to help meet stricter global capital requirements....

Japan's MUFG aims for $12 bln December share issue

2010-02-23T23:06:39Z

<div><p>Japan's top bank Mitsubishi UFJ Financial said Monday it aims to raise almost 12 billion dollars in fresh capital in December in a bid to bolster its capital ravaged by the financial crisis.</p><p>MUFG said it plans to raise 1.056 trillion yen (12.18 billion dollars) by issuing 2.34 billion ...

Japan's MUFG aims for major December share issue

2010-02-23T23:08:19Z

<div><p>Japan's top bank Mitsubishi UFJ Financial said Monday it aims to raise more than 12 billion dollars in fresh capital in December, in a bid to bolster its capital ravaged by the financial crisis.</p><p>MUFG said it plans to raise 1.056 trillion yen (12.18 billion dollars) by issuing 2.34 bill...

MUFG results upbeat, scales back Morgan plan

2010-02-24T03:56:57Z

<div><p>TOKYO (Reuters) - Mitsubishi UFJ Financial Group &lt;8306.T&gt; became the third major Japanese bank to post upbeat results, underscoring the improving outlook for the sector, and said it would raise $11 billion to mee...

Japan's Mitsubishi UFJ announces huge share sale

2010-02-24T03:56:41Z

<div><p>Japan's biggest bank Mitsubishi UFJ Financial announced plans Wednesday to raise billion of dollars from investors, joining a scramble by firms to boost finances ravaged the global financial crisis.</p><p>The news came as MUFG reported net profit soared 53.2 percent in the six months to Sept...

MUFG says first-half net profit up 53.2pct

2010-02-24T03:59:34Z

<div><p>Japan's biggest bank Mitsubishi UFJ Financial Group (MUFG) said Wednesday its first-half net profit soared 53.2 percent from a year earlier to 140.95 billion yen (1.6 billion dollars).</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=63655435&bid=informcom" />&am...

Morgan Stanley, MUFG to revise brokerage merger

2010-02-24T04:03:38Z

<div><p>US financial giant Morgan Stanley plans to keep control of part of its brokerage operation in Japan, revising a merger plan with Mitsubishi UFJ Financial Group (MUFG), news reports said Wednesday.</p><p>The two firms announced in Ma...

As investors sweat, Japan firms pump out shares

2010-02-24T04:58:06Z

<div><p>TOKYO (Reuters) - The likely $15.5 billion share issuance by Mitsubishi UFJ Financial Group &lt;8306.T&gt; and Hitachi Ltd &lt;6501.T&gt; is the l...

MUFG to boost capital by $11 bln: report

2010-02-24T05:41:04Z

<div><p>Japan's biggest bank Mitsubishi UFJ Financial Group (MUFG) plans to boost its capital by some one trillion yen (11 billion dollars) through public offerings of common stock, according to news reports.</p><p>The banking group plans to carry out the capital increase by the end of December, the...

JAL slumps, investors say bankruptcy an option

2010-02-24T18:16:24Z

<div><p>TOKYO (Reuters) - Japan Airlines Corp &lt;9205.T&gt; shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government a...

Nikkei eases after 10-mth closing high, banks climb

2010-02-26T01:27:00Z

<div><p>TOKYO (Reuters) - Japan's Nikkei average inched down 0.1 percent on Monday, with investors cautious ahead of more corporate earnings reports, but banks rose after Japan's top two banks saw mixed fortunes in the first quarter as Mitsubishi UFJ Financial's profits soared thanks to stronger global markets, but rival Mizuho suffered a loss, their results showed on Friday.</p><p>Mitsubishi UFJ Financial Group Inc. (MUFG) said net profit jumped 48 percent i...

Japan's MUFG first quarter profits soar 48%

2010-02-26T02:19:00Z

<div><p>Japan's biggest bank Mitsubishi UFJ Financial Group (MUFG) said on Friday its net profit soared 48 percent in the fiscal first quarter from a year earlier to 75.94 billion yen (800 million dollars).</p><p>The company, which owns a chunk of troubled Japan's biggest lender Mitsubishi UFJ Financial Group (MUFG) has said that it would tap investors for 370 billion yen (3.9 billion dollars) in capital to strengthen its financial base.</p><p>The group plans to issue preferred stock on July 29 that cannot be converted into common shares, a st...

Morgan Stanley, Mitsubishi UFJ to form finance JV

2010-02-26T14:44:51Z

<div id="subtitle">Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint venture</div><div><p>Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financ...

Japan's Mitsubishi UFJ posts 2.7 bln dollar loss

2010-02-27T08:51:00Z

<div><p>Japan's biggest bank, Mitsubishi UFJ Financial Group, reported a net loss of 256.95 billion yen, or about 2.7 billion dollars, for the year to March, hit by weak stock markets.</p><p>The company, which owns a chunk of troubled Wall Street...

Mitsubishi UFJ reports $2.6 billion annual loss

2010-02-27T08:48:43Z

<div id="subtitle">Mitsubishi UFJ sinks to $2.6 billion loss on stock dive, expects to return to profit this year</div><div><p>Mitsubishi UFJ Financial Group Inc. sank into losses for the fiscal year ended March 31, battered by write-downs on securities amid a market plunge, but Japan's top bank sai...

Mitsubishi UFJ cancels plan to buy Citigroup unit

2010-02-27T10:16:26Z

<div><p>Japan's biggest bank Mitsubishi UFJ Financial Group said it had cancelled its plan to buy a Japanese banking unit of US financial giant Citigroup.</p><p>Mitsubishi UFJ Trust ...

Mitsubishi UFJ scraps purchase of Citigroup unit

2010-02-27T10:25:17Z

<div id="subtitle">Mitsubishi UFJ scraps $261 million purchase of Citigroup Japan unit</div><div><p>Japan's biggest bank says it has scrapped plans to buy Citigroup Inc.'s Japan trust banking unit.</p><p>In Decem...