• Most Popular
  • Most Shared

Reuters Summit-MUFG says mulling Asia retail banking

Wed Jul 8, 2009 1:06am EDT

Stocks

   

(For other news from the Reuters Japan Investment Summit, click here)

TOKYO, July 8 (Reuters) - Mitsubishi UFJ Financial Group (8306.T), Japan's largest bank, is considering starting a retail banking business in Asia in the next three years to tap the region's growth, a senior executive said on Wednesday.

Tatsuo Tanaka, deputy president of Bank of Tokyo Mitsubishi UFJ, the group's core banking unit, also told the Reuters Japan Investment Summit that it is looking to expand its U.S. commercial banking business.

(For blogs from the Reuters Investment Summit, click on: blogs.reuters.com/summits/ )

(Reporting by David Dolan and Taro Fuse; Editing by Hugh Lawson)

((david.dolan@thomsonreuters.com; Reuters Messaging: david.dolan.reuters.com@reuters.net; +81-3-6441-1805))

((If you have a query or comment on this story send an email to news.feedback.asia@thomsonreuters.com)) Keywords: JAPAN SUMMIT/MUFG

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nTKF106455


More from Reuters

Photo

Voicing some optimism, Fed leaves policy on hold

WASHINGTON (Reuters) - The Federal Reserve on Wednesday seized on easing U.S. job losses to voice growing optimism on the economy's prospects, but repeated a vow to keep interest rates unusually low for "an extended period." | Video

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT