Daily News: April 15, 2013

Mitsubishi UFJ to Increase Loans to U.S. Energy Industry


Bloomberg reported that Mitsubishi UFJ Financial, Japan’s biggest lender, plans to increase loans to U.S. energy and utility industries to capitalize on the country’s economic recovery.

The article said Mitsubishi UFJ is seeking to buy another U.S. lender, after its San Francisco-based UnionBanCal unit recently agreed to acquire $3.7 billion of U.S. property-loan assets from Deutsche Bank AG.

To read the full Bloomberg article click here.