Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit boxes.

MUFG Bank has received a reprimand from the Japan’s Association of Real Estate Securitization in relation to inappropriate securities-related activities with Mitsubishi UFJ Morgan Stanley Securities (MUMSS).

Financial Group Inc., Japan's largest bank by market value, closed at a record high, fueled by optimism for increased lending income due to rising interest rates.

Mitsubishi UFJ Financial Group Inc. shares closed at a record high as Japanese lenders gained on optimism they will further benefit from rising interest rates boosting their lending income.Most Read f

MUFG Bank is the largest lender in Japan and the main banking unit of the Mitsubishi UFJ Financial Group, a leading global financial services group. It operates 421 domestic and 104 overseas branches and employs over 31,000 staff as of March 2024 ...

The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a series of alleged thefts by a former employee.

Japan’s biggest banks are nearing a key valuation level for the first time in almost a decade as investors bet that the Bank of Japan will raise interest rates on Friday and accelerate its normalisation of monetary policy.

THE Bank of Japan, after clearly signalling last week’s interest rate hike, may return to its accustomed fuzzy guidance about central bank policy to maintain flexibility when it eventually begins to consider how much tightening is enough.

The thefts at two branches of MUFG Bank spanned four years and ... according to the bank. The bank, one of Japan's three megabanks, was formed in 2006 by the merger of UFJ Bank and Bank of Tokyo ...

worth of valuables from customers’ safe deposit boxes. The thefts at two branches of MUFG Bank spanned four years and were uncovered last October.

Mitsubishi UFJ Financial Group Inc. shares closed at a record high as Japanese lenders gained on optimism they will continue to benefit from rising interest rates boosting their lending income.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?

Three major Japanese banks said Monday that they will raise their short-term prime lending rates by 0.25 percentage point in March following Friday's decision by the Bank of