Mitsubishi UFJ Financial Group Inc (MTU) Key Developments | Reuters.com
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Mitsubishi UFJ Financial Group Inc (MTU)

MTU on New York Consolidated

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Mitsubishi UFJ Nicos expected to return to the black this fiscal year - Nikkei
Thursday, 19 May 2016 01:29pm EDT 

Nikkei: Mitsubishi UFJ Nicos is expected to report a net loss of about 40 billion yen ($364 million) for the year ended March - Nikkei . Mitsubishi UFJ Nicos projects 20 billion yen in annual cost savings from integrating systems for different credit cards - Nikkei .Mitsubishi UFJ Nicos is expected to return to the black this fiscal year as refund provisions ease - Nikkei.  Full Article

BTMU received approval from Chinese regulators to connect to international yuan payment system - Nikkei
Tuesday, 17 May 2016 01:47pm EDT 

Nikkei: Bank of Tokyo-Mitsubishi UFJ received approval from Chinese regulators to connect to an international yuan payment system - Nikkei .By connecting to international yuan payment system, BTMU in June will begin offering services to Japanese regional banks - Nikkei.  Full Article

MUFG to buy back up to $920 mln of own shares
Monday, 16 May 2016 03:32am EDT 

Mitsubishi UFJ Financial Group Inc <8306.T>: Says to buy back up to 1.67 percent of own shares worth 100 billion yen ($920 million) Further company coverage: [8306.T] ($1 = 108.6800 yen).  Full Article

MUFG to report credit lines worth 10.4 trillion yen for resource-related businesses- Nikkei
Friday, 13 May 2016 01:42pm EDT 

Mitsubishi Ufj Financial Group Is Expected To Announce It Has 10.4 Trillion Yen Worth Of Credit Lines Open For Resource : Mitsubishi UFJ Financial Group will reveal monday it is the world's largest lender to resource-related businesses - Nikkei . Mitsubishi UFJ Financial Group is expected to announce it has 10.4 trillion yen worth of credit lines open for resource-related businesses- Nikkei .Mitsubishi UFJ Financial Group will also disclose its bad-loan ratio, among other business metrics - Nikkei.  Full Article

Mitsubishi UFJ Financial Group to issue unsecured permanent bonds with optional redemption provisions
Thursday, 25 Feb 2016 09:30pm EST 

Mitsubishi UFJ Financial Group Inc:To issue the third series unsecured permanent bonds with optional redemption provisions via public offering, worth 300 bln yen, with permanent term.Says paid-in price at 100 yen of par value.The Bank of Tokyo-Mitsubishi UFJ, Ltd. acts as main arranger.Subscription date Feb. 26 and payment date March 3.Interest rate to be 1.94 pct after next day of March 3 to July 15, 2026, and interest rate to be 6 months euro-yen LIBOR + 1.80 pct after the next day of July 15, 2026.Proceeds raised will be used for the capital supplement of the company and subsidiaries.  Full Article

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

Japan's MUFG faces impairment loss on Hitachi Capital after Brexit vote

TOKYO, June 28 Mitsubishi UFJ Financial Group Inc (MUFG) faces the possibility of a $500 million impairment loss on Hitachi Capital Corp shares, whose value has plunged since Britons voted to leave the European Union on Friday.