Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1.
U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG).
U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022.
Mitsubishi UFJ Financial Group (MUFG) expanded its restaurant-finance platform to cover hotel franchises with the hiring of two veteran bankers to its restaurant and hospitality finance team, which is part of MUFG’s corporate and investment banking division.
Mitsubishi UFJ Financial Group (MUFG) expanded its newly formed direct lending business and hired Claude Mattessich and Will McCarthy as managing directors and senior originators.
Mitsubishi UFJ Financial Group (MUFG) launched a direct lending group that will focus on providing loans to the bank’s private equity sponsor clients to support their portfolio company LBO and recapitalization transactions. Matt Maley will lead the team.
Mitsubishi UFJ Financial Group (MUFG) hired Garret Rowan as head of its leveraged loan trading group and Mike Macchia as a salesperson in leveraged finance sales. Both will be based in New York.
Ray Barretto joined Mitsubishi UFJ Financial Group as a director and head ABS trader. Based in New York, Barretto will report to Michael McCarthy, head of macro trading.
Yezdan Badrakhan will join Mitsubishi UFJ Financial Group (MUFG) as managing director and head of U.S. esoteric asset-backed securities. Badrakhan previously launched Morgan Stanley’s structured products capital markets transportation business.
According to the annual outlook from Mitsubishi UFJ Financial Group’s capital markets team, corporates have embarked on a “feverish pace” of capital-expenditure investment and strategic activity in response to a rapidly evolving landscape.