Mitsubishi UFJ Financial Group Reportedly May Sell U.S. Banking Arm
September 17, 2021 at 09:45 am EDT
Mitsubishi UFJ Financial Group, Inc. (TSE:8306) is considering selling its MUFG Union Bank, National Association, Bloomberg reported on September 17, 2021, in what would mark a significant strategy shift for Japan's biggest lender. Mitsubishi UFJ is working with an adviser to explore options for the U.S. subsidiary, Bloomberg reported, citing people familiar with the matter. A Mitsubishi UFJ spokesperson said the bank had no comment on the matter.