Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, plans to increase loans to energy and utility industries in the U.S. to capitalize on a recovery in the world’s largest economy, President Nobuyuki Hirano said.
Japan’s Diet must pass a nuclear compensation bill within two months before banks including Mitsubishi UFJ Financial Group Inc. offer new loans to the owner of the damaged Fukushima plant, the nation’s banking lobby said.
Japan’s biggest banks led by Mitsubishi UFJ Financial Group Inc. may benefit from being deemed too big to fail as global regulations make competition “fair and square,” the nation’s new banking lobby chief said.
Mitsubishi UFJ Financial Group Inc. , Japan’s biggest publicly traded bank, said profit more than doubled and announced plans to buy project-finance assets from Royal Bank of Scotland Group Plc valued at about 3.8 billion pounds ($6.1 billion).
Japanese banks won’t forgive loans made to Tokyo Electric Power Co., the country’s banking lobby chief said, responding to a government official’s comments that creditors should help support the nuclear plant operator.
Mitsubishi UFJ Financial Group Inc. , Japan’s largest bank by market value, posted fourth-quarter profit exceeding analysts’ estimates on gains from equities and its $9 billion investment in Morgan Stanley.