The yen rose on Thursday as comments from Bank of Japan Deputy Governor Ryozo Himino reaffirmed views that the central bank will keep raising rates this year.Most Read from BloombergManhattan’s Mornin

Mitsubishi UFJ Financial Group Inc. shares closed at a record high as Japanese lenders gained on optimism they will further benefit from rising interest rates boosting their lending income.Most Read f

A former MUFG Bank employee accused of stealing valuables from customer safe deposit boxes reportedly admitted to using overseas trading plat･･･

The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a series of alleged thefts by a former employee.

Mitsubishi UFJ Financial Group, known as MUFG, is Japan’s largest banking group, with 8.0% share of domestic loans and 11.6% of deposits as of March 2024. It was also the most global among Japanese banks in terms of the contribution of overseas operations to profits and balance sheet,

Sumitomo Mitsui Financial Group, with a 7.2% share of domestic loans and 9.0% of deposits as of March 2024, is one of Japan’s Big Three banking groups. Compared with its two megabank rivals, SMFG has a greater focus on retail customers and small and medium-size enterprises rather than large corporate clients.

The Bank of Japan has raised its interest rates by 25 basis points, signifying the end of an era of historically low interest rates.

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.

MUFG Bank, Ltd. announces Notice Concerning Result of Tender Offer for Share Certificates, Etc. of WealthNavi Inc. (TSE Code: 7342) by MUFG Bank, Lt

The bank is also strengthening its safe deposit box checks and procedures. Five senior executives of MUFG, including its board chairman and CEO, are taking up to a 30% pay cut for three months following an incident where an ex-employee stole from safe deposit boxes.

Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit boxes

Junichi Hanzawa, CEO of MUFG Bank Ltd., and Chairman Naoki Hori will have their compensation reduced by 30% for three months, the company said in a statement on Thursday. Other senior executives ...