Mitsub Ufj Fg Stock Price, News & Analysis

MUFG Americas Holdings Corporation (NYSE: MUFG) announced the redemption of its 3.50% Senior Notes due 2022 and 3.00% Senior Notes due 2025, with a redemption date set for November 16, 2021. The total principal for each series is $400 million. The redemption price will include a make-whole premium and accrued interest. This decision is associated with restrictive covenants related to the planned sale of MUFG Union Bank N.A. to U.S. Bancorp, announced on September 21, 2021. Notices will be sent to all registered holders by The Bank of New York Mellon Trust Company.

MUFG has announced the sale of MUFG Union Bank, N.A. to U.S. Bancorp for approximately $17.6 billion. The deal includes $8 billion in cash, a $2.5 billion stake in USB, and a $9.6 billion dividend or share repurchase prior to the share transfer. This strategic maneuver aims to strengthen MUFG’s competitiveness by optimizing management resources and focusing on corporate transactions. Post-sale, MUFG expects a gain on sale around JPY 150 billion in FY2022, enhancing its capital efficiency and positioning for growth in the U.S. market.

U.S. Bancorp has announced its decision to acquire MUFG Union Bank for approximately $8 billion, enhancing its presence on the West Coast. The deal focuses on retaining all front-line branch employees and integrating technologies to serve over 1 million consumer and 190,000 small business customers. The acquisition is expected to elevate U.S. Bancorp's market ranking in California from 10th to 5th. The transaction is projected to add roughly $900 million in cost synergies and be accretive to earnings per share by 6% in 2023.

On September 13, 2021, Bechtel, Health Care Service Corporation (HCSC), and Micron were announced as finalists for the AFP 2021 Pinnacle Award, sponsored by MUFG. This award recognizes excellence in treasury and finance, with finalists selected for their innovative solutions that enhance operational efficiency. Voting for the Grand Prize winner is currently open, with MUFG pledging a $10,000 donation to a charity of the winner's choice. The event underscores the significance of advancements in treasury practices and the contributions by these organizations in shaping the finance profession.

Mitsubishi Group (MUFG) has invested an additional $120 million into the Mars Growth Fund, increasing its total investment to $220 million. The fund has successfully financed technology companies in Asia Pacific and Europe, completing transactions worth $80 million in its first year, with demand surpassing $2 billion.

The partnership aims to enhance credit underwriting through Liquidity's DYNAMiCS platform, which utilizes machine learning for rapid due diligence on companies. The fund's value has reached $200 million, showcasing its strong market position.

Mitsubishi UFJ Financial Group (MUFG) has filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2021, with the U.S. Securities and Exchange Commission on July 9, 2021. This report contains audited consolidated financial statements prepared under U.S. GAAP. Shareholders can access the report on MUFG's website or request a hard copy free of charge.

On June 22, 2021, Mitsubishi UFJ Financial Group (MUFG) announced the appointment of Jake Kaercher as Director of Securitized Product Trading within its Mortgage Backed Securities Trading team. Kaercher, who has over 25 years of industry experience, will focus on expanding MUFG's Agency CMBS businesses, including various multifamily securities. He will report to Michael McCarthy, Head of MBS and Securitized Products Trading, and is based in New York. MUFG's U.S. operations hold total assets of $331 billion, as of March 31, 2021.

Mitsubishi UFJ Financial Group (MUFG) announced the appointment of Randall Chafetz as Vice Chairman of its Global Corporate and Investment Banking (GCIB) business, effective June 29, 2021. Chafetz, who has over 35 years of banking experience, previously served as Deputy Chief Executive of GCIB and has held various senior roles within the firm. Reporting to Masato Miyachi, he will support client relationships globally and advise GCIB leadership. MUFG, with approximately $3.2 trillion in assets, aims to enhance its client partnerships under Chafetz's leadership.

Union Bank has appointed Shawn McElmoyl as Managing Director and Private Wealth Management Executive for the Northern California and Pacific Northwest regions. McElmoyl brings over 24 years of wealth management experience and will lead a team of Private Wealth Advisors focused on high-net-worth individuals and organizations. His past roles include Regional Managing Director at Wells Fargo. Union Bank operates 348 branches and offers diverse banking and wealth management services, with total assets of $132 billion as of December 31, 2020.