Key Developments: Mitsubishi UFJ Financial Group Inc (MTU.N)

MTU.N on New York Stock Exchange

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8 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Mitsubishi UFJ Financial Group Inc - Citigroup Inc reaches $23 mln 'ice breaker' yen Libor settlement - Reuters
Tuesday, 2 Feb 2016 10:48am EST 

Mitsubishi UFJ Financial Group Inc:Citigroup will pay $23 mln to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates - RTRS.Lawyers for the plaintiff investors called the accord an "ice breaker" that could spur some of the roughly 20 other bank defendants to settle. Settlement papers were filed on Monday night in the U.S. District Court in Manhattan. Court approval is required - RTRS.RP Martin, a brokerage whose main assets are now part of BGC Partners Inc, also settled, without making a payment. Citigroup & RP Martin agreed to cooperate in the litigation - RTRS.Danielle Romero-Apsilos, a Citigroup spokeswoman, said the New York-based bank is pleased to settle - RTRS.Among the other defendants are several Japanese banks, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings, as well as Barclays Plc, Deutsche Bank AG , HSBC Holdings, JPMorgan Chase & UBS AG - RTRS.Former Citigroup trader Tom Hayes is serving 11 years in prison after being found guilty in London last August of conspiring to rig Libor - RTRS.Nonetheless, the bank's "limited involvement" in the overall scheme may have spurred its settlement, the plaintiffs' lawyer Vincent Briganti said in an interview. - RTRS."An early settlement with Citigroup made sense." In court papers, Briganti called the accord an "ice breaker" that "serves as a potential catalyst for other defendants to settle." - RTRS.  Full Article

Mitsubishi UFJ Financial Group to issue 2nd series corporate bonds
Thursday, 22 Oct 2015 10:00pm EDT 

Mitsubishi UFJ Financial Group Inc:To issue 2nd series corporate bonds worth 150 bln yen, on Oct. 29.The bonds are each with face value of 100 mln yen, issue price at 100 yen per face value of 100 yen, with coupon rate 2.50 pct per annum (from Oct. 29 to Jan. 15, 2026) and six-month LIBOR (London Inter Bank Offered Rate)+ 2.00 pct (after Jan. 15, 2026).Morgan Stanley MUFG Securities Co., Ltd. included five securities companies will serve as underwriters.  Full Article

Mitsubishi UFJ Financial Group to transfer shares in Mitsubishi UFJ Asset Management to subsidiary
Thursday, 28 May 2015 03:00am EDT 

Mitsubishi UFJ Financial Group Inc:To transfer 39,325 shares in Mitsubishi UFJ Asset Management Co., Ltd. to wholly owned subsidiary Mitsubishi UFJ Trust and Banking Corporation, on June 30.  Full Article

Mitsubishi UFJ Financial Group to issue year-end dividend for FY 2015 and issues mid-year and year-end dividend forecasts for FY 2016
Friday, 15 May 2015 04:00am EDT 

Mitsubishi UFJ Financial Group Inc:To issue a year-end dividend of 9 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 25.Says latest dividend forecast was 9 yen per share.Issues mid-year dividend forecast of 9 yen per share, for FY ending March 2016.Issues year-end dividend forecast of 9 yen per share, for FY ending March 2016.  Full Article

Mitsubishi UFJ Financial Group to issue unsecured permanent bonds with optional redemption provisions
Monday, 16 Mar 2015 09:30pm EDT 

Mitsubishi UFJ Financial Group Inc:To issue first series unsecured permanent bonds with optional redemption provisions through private placement, worth 100 bln yen, with permanent term.Says paid-in price at 100 yen of par value.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acts as main arranger.Subscription date March 17 and payment date March 23.Interest rate to be 2.70 pct after next day of March 23 to July 15, 2020, and interest rate to be 6 months euro-yen LIBOR + 2.40 pct after the next day of July 15, 2020.Proceeds raised will be used for the enhancement of capital of the company and subsidiaries.  Full Article

Crowe Horwath Australasia Ltd announces ownership interest of Mitsubishi UFJ Financial Group Inc
Thursday, 4 Dec 2014 06:47pm EST 

Crowe Horwath Australasia Ltd:Says that Mitsubishi UFJ Financial Group Inc has an interest in 15,887,411 fully ordinary shares of Crowe Horwath Australasia, representing 5.82 pct. of total voting power.  Full Article

Mitsubishi UFJ Financial Group Inc announces The Bank of Tokyo-Mitsubishi UFJ reaches settlement with New York State Department of Financial Services
Tuesday, 18 Nov 2014 06:45pm EST 

Mitsubishi UFJ Financial Group Inc:The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (“MUFG”), has announced that it has entered into a consent agreement with the New York State Department of Financial Services (“DFS”).Says the agreement to resolve issues relating to instructions given to PricewaterhouseCoopers LLP (“PwC”) and the disclosures made to the DFS in connection with BTMU’s 2007 and 2008 voluntary investigation of Bank’s U.S. dollar clearing activity toward countries under U.S. economic sanctions.Says BTMU had hired PwC to conduct a historical transaction review report (“report”) in connection with that investigation.Under the terms of the agreement with DFS, BTMU will make a payment of $315 million to DFS, take actions on persons involved in the matter at that time, and relocate its U.S. BSA/AML and OFAC sanctions compliance programs to New York.And extend, BTMU, if regarded as necessary by DFS, the period during which a third party organization is responsible for assessing BTMU’s internal controls regarding compliance with applicable laws and regulations related to U.S. economic sanctions.  Full Article

Mitsubishi UFJ Financial Group Inc to issue mid-year dividend and raises year-end dividend forecast for FY 2015
Friday, 14 Nov 2014 03:00am EST 

Mitsubishi UFJ Financial Group Inc:To issue a mid-year dividend of 9 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2015.Payment date Dec. 5.Says latest dividend forecast was 8 yen per share.Raised year-end dividend forecast to 9 yen per share from 8 yen per share for FY ending March 2015.  Full Article

GPT Metro Office Fund announces ownership interest of Mitsubishi UFJ Financial Group Inc
Tuesday, 28 Oct 2014 08:12pm EDT 

GPT Metro Office Fund:Says that Mitsubishi UFJ Financial Group Inc has an interest in 15,000,000 fully paid units of GPT Metro Office Fund, representing 11.76 pct. of total voting power.  Full Article

Mitsubishi UFJ Financial Group Inc ceases to be substantial holder of Galileo Japan Trust
Wednesday, 18 Jun 2014 04:40am EDT 

Galileo Japan Trust:Says Mitsubishi UFJ Financial Group Inc has ceased to be the substantial holder of the company.  Full Article

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