MUFG to Acquire Majority Share of Bank Danamon

Mitsubishi UFJ Financial Group entered into conditional share purchase agreements with Asia Financial Indonesia and other affiliated entities to acquire their shareholding interests in PT Bank Danamon Indonesia.

MUFG Names Gately to Lead ABF Unit

Mitsubishi UFJ Financial Group hired HSBC and Bank of America veteran Edward Gately as a managing director to lead its Asset-Based Finance business in the Americas.

Bucher Joins MUFG Transaction Banking Group

Mitsubishi UFJ Financial Group (MUFG) has named Jeffrey Bucher managing director and head of Transaction Banking Sales for the Regional Bank.

MUFG Wins Best Commodity Finance Bank in N. America Award

Mitsubishi UFJ Financial Group was named Best Commodity Finance Bank in North America for 2016 by Trade Finance at the news organization’s annual awards ceremony.

Japanese Banks Bid on GE’s Local Commercial Finance Operations

The Wall Street Journal reported several Japanese megabanks submitted nonbinding bids for GE’s Japanese commercial finance operations, which are expected to several billion dollars.