Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, targets becoming one of Asia’s three biggest lenders by profit through making acquisitions, funding infrastructure projects and expanding retail banking.
Royal Bank of Scotland Group Plc is selling its aviation leasing unit to Sumitomo Mitsui Financial Group Inc. for about $7.3 billion, the biggest disposal by the state-owned lender since its U.K. government bailout in 2008.
Mitsubishi UFJ Financial Group Inc. , the Japanese lender that bought UnionBanCal Corp., said it may spend more than 500 billion yen ($5.7 billion) to acquire more U.S. banks as domestic loan demand declines.
Mitsubishi UFJ Financial Group Inc. may buy project-finance assets from Royal Bank of Scotland Group Plc as Japan’s largest banks start deploying the $56 billion they’ve raised in share sales in the past two years.
Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank by market value, reported first-quarter profit that more than doubled, beating analysts’ estimates as bad loan charges fell and bond trading increased.
Mizuho Financial Group Inc. may seek stakes in Asian investment banks and would consider spending about 100 billion yen ($1.2 billion) on an acquisition should it find a suitable target, a senior executive said.
Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, led the nation’s banks in beating analysts’ profit estimates this week as bad loan costs fell and business confidence rose to a two-year high.