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Mitsubishi UFJ Financial Group Inc (N5YD.SI)

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  • Business Wire

    U.S. Bancorp Completes Acquisition of Union Bank

    MINNEAPOLIS, December 01, 2022--U.S. Bancorp Completes Acquisition of Union Bank

  • Business Wire

    U.S. Bancorp, MUFG Union Bank Announce Sale of Three California Branches to HomeStreet Bank

    MINNEAPOLIS & NEW YORK & SEATTLE, October 12, 2022--U.S. Bancorp, MUFG Union Bank Announce Sale of Three California Branches to HomeStreet Bank

  • Reuters SG

    UPDATE 2-Mitsubishi UFJ profit dives on one-off losses linked to U.S. unit sale, Grab

    Mitsubishi UFJ Financial Group Inc reported a 70% plunge in first-quarter net profit, blaming one-off losses related to the sale of MUFG Union Bank and a drop in the value of its stake in ride-hailing firm Grab Holdings. The bank, Japan's largest lender by assets, booked an appraisal loss of 254 billion yen ($1.9 billion) on bonds and other assets held by MUFG Union Bank, an accounting treatment required ahead of the $8 billion sale of the U.S. retail banking unit to U.S. Bancorp later this year. The previously flagged loss would be partly offset when the sale is complete, and the overall impact on full-year net profit is expected to be around 200 billion yen, the bank said.