Market Overview

MUFG to Inject $2 billion into Union Bank

MUFG to Inject $2 billion into Union Bank

                In a much anticipated financial salvage, Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) is planning by the end of the month to throw in $2 billion into its wholly owned and financially troubled subsidiary, Union Bank (NYSE:UB).

             The bank has been incapacitated by irrecoverable real estate loans due to recession and financial crunch in the United States.

Posted-In: Japan Times MUFG UNION BANKNews


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