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Jan 30, 2014

Mitsubishi UFJ hunts to acquire U.S. bank or branch network

NEW YORK (Reuters) – Mitsubishi UFJ Financial Group Inc (8306.T: Quote, Profile, Research, Stock Buzz) is still on the hunt to acquire a bank or branch network to reach its goal of becoming one of the 10 largest U.S. banks by 2016, a senior bank official said on Wednesday.

“I am more than confident – 100 percent confident, we’re 1,000 percent confident that my colleagues here in the States will achieve that goal within a couple of years,” Masaaki Tanaka, deputy president of MUFG, told Reuters in an interview.

Jan 29, 2014

Exclusive: Mitsubishi UFJ, Morgan Stanley eye deal to serve hedge funds

NEW YORK (Reuters) – Morgan Stanley and Mitsubishi UFJ Financial Group Inc are considering forming a partnership to provide administrative services to hedge funds, a senior official of the Japanese lender said on Wednesday.

The two banks have been examining ways to collaborate in that area since MUFG purchased a fund-servicing business last year, Masaaki Tanaka, deputy president of MUFG, told Reuters in an interview.

Jan 29, 2014

Exclusive: Mitsubishi UFJ hunts to acquire U.S. bank or branch network

NEW YORK (Reuters) – Mitsubishi UFJ Financial Group Inc (8306.T: Quote, Profile, Research, Stock Buzz) is still on the hunt to acquire a bank or branch network to reach its goal of becoming one of the 10 largest U.S. banks by 2016, a senior bank official said on Wednesday.

“I am more than confident – 100 percent confident, we’re 1,000 percent confident that my colleagues here in the States will achieve that goal within a couple of years,” Masaaki Tanaka, deputy president of MUFG, told Reuters in an interview.

Feb 9, 2010

CFTC rules could be blow to retail currency traders

NEW YORK, Feb 09 (Reuters) – Rules proposed by the
regulator of U.S. futures markets to fight fraud in foreign
currency trades are too restrictive for retail trading firms
and could dramatically cut into the growing business, dealers
said.

The Commodity Futures Trading Commission was given clearer
authority last month, in farm legislation passed by Congress in
2008, to go after foreign currency (forex) trading scams being
pulled off in the unregulated over-the-counter market.

    • About Fred

      "Fred Katayama is an award-winning journalist at Reuters Television in New York. He anchors Reuters Technology Week and the Reuters Industry Summits. He has covered big breaking news events such as Hurricane Katrina, the Enron scandal, and the Kobe, Japan earthquake. Previously, he was a correspondent reporting for the Moneyline News Hour at CNN, where he also anchored business news shows and headlines on CNN Financial News, CNN International, and Headline News. Prior to that, he worked as a general assignment reporter for the CBS affiliate in Seattle, KIRO-TV. He is also a specialist on Asia. He anchored “Business ..."
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