Posts filtered by tags: MUFG[x]


 

Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Global stocks rise after positive stimulus signs and as Trump's health appears to improve

Getty Global stocks rose on Monday on positive expectations of US president Donald Trump's health.The president tested positive for COVID-19 on Friday and was admitted to a military hospital hours later. A number of conflicting reports emerged this weekend about his health, but White House medical staff suggested Trump may be released as soon as Monday.US futures rose in the range of 0.5-0.8%. Both US and Brent crude oil prices rose after taking a beating on Friday.Visit Business Insider's...
Tags: Asia, Europe, Nbc, White House, China, Nikkei, US, Trends, Joe Biden, House, Sydney, Deutsche Bank, Brent, Nancy Pelosi, Biden, Donald Trump


Global stocks rise on speculation Trump's health is improving

Getty Global stocks rose on Monday on positive expectations of US president Donald Trump's health.The president tested positive for COVID-19 on Friday and was admitted to a military hospital hours later. A number of conflicting reports emerged this weekend about his health, but White House medical staff suggested Trump may be released as soon as Monday.US futures rose in the range of 0.5-0.8%. Both US and Brent crude oil prices rose after taking a beating on Friday.Visit Business Insider's...
Tags: Asia, Europe, Nbc, White House, China, Nikkei, US, Trends, Joe Biden, House, Sydney, Deutsche Bank, Brent, Nancy Pelosi, Biden, Donald Trump


#Dubai economy may shrink 5.2% this year, rebound 4.3% in 2021 - MUFG | ZAWYA MENA Edition

Dubai economy may shrink 5.2% this year, rebound 4.3% in 2021 - MUFG | ZAWYA MENA Edition:Dubai's economy is expected to contract 5.2% this year from the impact of the coronavirus pandemic but the Middle East trade and tourism hub could see growth rebound to 4.3% next year, Japan's MUFG said.While vital economic sectors of the emirate have been dealt a severe blow by the global health crisis, high-frequency indicators signal a normalisation in economic activity, the bank said in a report.Also, t...
Tags: Travel, Japan, Middle East, Dubai, Mena, Rupert Neil Bumfrey, MUFG, IHS Markit Dubai, Eshan Khoman


Why fiscal stimulus could be the only hope for MENA economic recovery in 2021 | ZAWYA MENA Edition

Why fiscal stimulus could be the only hope for MENA economic recovery in 2021 | ZAWYA MENA Edition:Fiscal stimulus and policy will play a crucial role in the MENA region's upturn in the wake of the COVID-19 pandemic and the oil price plunge in the first half of 2020, experts say.Banking giant MUFG's forecasts indicate that, by the end of 2021, the region will have a level of activity that is well below its pre-pandemic growth trajectory. In many cases, it will record activity below its 2019 leve...
Tags: Travel, GCC, Middle East, Mena, North Africa, Rupert Neil Bumfrey, MUFG, Ehsan Khoman Head, MENA Research and Strategy


Morgan Stanley not given advisory role on Aramco pipeline sale: sources - Reuters

Morgan Stanley not given advisory role on Aramco pipeline sale: sources - Reuters:Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters.The U.S. investment bank, which has previously advised the world’s largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.However, Aramco has mandated JP Morgan (JPM.N) and Japan’s ...
Tags: Travel, Japan, Morgan Stanley, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, MUFG, JP Morgan JPM N, Morgan Stanley JP Morgan, However Aramco


Coronavirus hammers U.S. homebuilding; permits tumble

U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression. In addition to a collapse in retail sales and manufacturing production, the data suggests that April was probably the worst month so far in the current economic downturn. "This is an unprecedented recession in that it happened over just two months and t...
Tags: News, Chris Rupkey, MUFG


Japan's MUFG expects deep recession across GCC countries - Reuters

Japan's MUFG expects deep recession across GCC countries - Reuters:Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession this year with overall real GDP contracting 3.7% from a previous growth forecast of 2.9%.The bank said in a research note on Monday the new forecast took into account oil output cuts, the impact of the new coronavirus on the non-oil economies of the region, and the stimulus provided...
Tags: Travel, Japan, GCC, Oman, Reuters, Gulf Cooperation Council GCC, Mitsubishi UFJ Financial Group Inc, Rupert Neil Bumfrey, MUFG, COVID, United Arab Emirates Kuwait Qatar Bahrain


Japan's MUFG bank plans more staff cuts, totalling 8,000 by 2023 - Yomiuri

The banking arm of Mitsubishi UFJ Financial Group Inc is planning to reduce staffing levels by another 2,000 people by fiscal 2023, the Yomiuri daily reported on Sunday, highlighting its struggle to maintain profits amid ultra-low interest rates.
Tags: Japan, Money, businessNews, Yomiuri, Mitsubishi UFJ Financial Group Inc, MUFG


The coronavirus is like a 'nuclear bomb' for companies like WeWork. 10 real-estate insiders lay out the future of flex-office, and how employers are preparing now.

The coronavirus pandemic is reshaping how employers are thinking about their real-estate needs, in particular the use of flex-office companies like WeWork. Ten real-estate experts, from landlords to employers, highlighted how the industry is set to evolve in the face of the pandemic.  In the short term, operators will feel a pinch as employees stay home, and some companies will likely go out of business or consolidate. In the long term, though, the flex-space industry may see an uptick from em...
Tags: Facebook, Mark Zuckerberg, Hong Kong, UK, New York, China, Milwaukee, Singapore, US, San Francisco, Trends, Chicago, Malaysia, Nashville, WeWork, Houston


'This is the day of reckoning' for companies like WeWork. 10 real-estate insiders lay out the future of flex-offices, and how employers are preparing now.

The coronavirus pandemic is reshaping how employers are thinking about their real-estate needs, in particular the use of flex-office companies like WeWork. Ten real-estate experts, from landlords to employers, highlighted how the industry is set to evolve in the face of the pandemic.  In the short term, operators will feel a pinch as employees stay home, and some companies will likely go out of business or consolidate. In the long term, though, the flex-space industry may see an uptick from em...
Tags: Facebook, Mark Zuckerberg, Hong Kong, UK, New York, China, Milwaukee, Singapore, US, San Francisco, Trends, Chicago, Malaysia, Nashville, WeWork, Houston


Some states struggling to pay coronavirus-created unemployment claims

A closeup of the bread line statues that are part of the Franklin Delano Roosevelt memorial in Washington, D.C. (Photo courtesy National Park Service) Another 5.245 million Americans filed for unemployment benefits in the week ending April 11, according to the Department of Labor's report issued last week. These latest applications mean that coronavirus ramifications have wiped out more than a decade of U.S. job growth. Since June 2009, more than 20 million new jobs were reported across t...
Tags: Texas, Taxes, Washington, United States, Ohio, Franklin Delano Roosevelt, National Park Service, Yahoo Finance, Department of Labor, Bing Crosby, Tax Foundation, California New York, Chris Rupkey, MUFG, Tom VanAntwerp, Jared Walczak


Grab raises up to $856M to boost payments business as rumors swirl of a merger with rival Gojek

Southeast Asian on-demand transport rivals Grab and Gojek deny that they are involved in talks to merge, but today Grab announced a piece of news that — at the very least — will divert attention from that story, or more likely stoke the fires of speculation that it is indeed gearing up for a deal: Grab said that it has raised $856 million more in funding, in two tranches from strategic Japanese investors, specifically to help grow the other arm of its business, in payments and financial servi...
Tags: Startups, TC, Uber, Asia, Japan, Indonesia, Southeast Asia, Tech, Joko Widodo, Ride Hailing, Gojek, Mitsubishi UFJ Financial Group Inc, MUFG, Grab, Didi Chuxing Grab, SoftBank Uber


Grab raises up to $856M to boost its payments business as rumors swirl of a merger with rival Gojek

Southeast Asian on-demand transport rivals Grab and Gojek deny that they are involved in talks to merge, but today Grab announced a piece of news that — at the very least — is sure to divert attention from that story, or more likely stoke the fires of speculation that it is indeed gearing up for a deal: Grab said that it has raised $856 million more in funding, in two tranches from strategic Japanese investors, specifically to help grow the other arm of its business, in payments and financial...
Tags: Startups, TC, Uber, Asia, Japan, Indonesia, Southeast Asia, Ride Hailing, Gojek, Mitsubishi UFJ Financial Group Inc, MUFG, Grab, Didi Chuxing Grab, SoftBank Uber, Intec, Tencent Google


Gulf governments will rely less on bond markets this year - The National

Gulf governments will rely less on bond markets this year - The National:Governments in the Gulf region will continue to tap debt capital markets this year, but their external financing needs are likely to be lower, according to the regional head of research and strategy at Japanese bank MUFG.Sovereign issuance by Gulf governments is expected to reach around $31.9bn (Dh117.1bn) in funding to bridge budget deficits as they look to take advantage of a pause in interest rate hikes and the low cost ...
Tags: Travel, GCC, Middle East, Gulf, North Africa, Rupert Neil Bumfrey, MUFG, Ehsan Khoman, Kuwait Asset Management Company, Khoman


Japan's MUFG replaces CEO after one year, digital chief to take helm

Mitsubishi UFJ Financial Group Inc (MUFG), Japan's biggest lender, said on Friday it was replacing its CEO after one year and Hironori Kamezawa, who oversees its digital strategy, would be taking the reins.
Tags: Japan, Money, businessNews, Mitsubishi UFJ Financial Group Inc, MUFG, Hironori Kamezawa


Donald Trump tariff threat hangs over global stock markets – business live

Rolling coverage of markets, economics and business news as shares in Asia fall 8.26am GMT Analysts at MUFG Bank note that the response to the Hong Kong protests is a key diplomatic factor that could be affecting the trade talks.Lee Hardman and Fritz Louw, currency analysts at MUFG, highlighted a US Senate bill yesterday aimed at supportingprotesters in Hong Kong that warned China against a violent suppression of the demonstrators. China responded with a threat to retaliate if it becomes law...
Tags: Asia, Hong Kong, Europe, Business, White House, China, US, Bloomberg, European Union, Stock Markets, Currencies, US Senate, Sterling, Bonds, Donald Trump, Brexit


Japanese bank in deal with SAGIA to promote investments in #Saudi | ZAWYA MENA Edition

Japanese bank in deal with SAGIA to promote investments in Saudi | ZAWYA MENA Edition:Japan’s MUFG Bank has signed an agreement with Saudi Arabian General Investment Authority (SAGIA) to promote Japanese investments in the kingdom.Based on the new agreement, MUFG will focus on enhancing bilateral cooperation in new areas and support Japanese businesses and investors in the kingdom with a broader range of on-the-ground services, a statement from the bank said.SAGIA’s focus is to oversee investmen...
Tags: Travel, Japan, Saudi Arabia, Rupert Neil Bumfrey, MUFG, SAGIA, Saudi Arabian General Investment Authority SAGIA, MUFG Bank


Pound Reaches Highest Since May on Brexit Breakthrough Optimism

(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sterling traded above $1.30 for the first time since May on speculation Prime Minister Boris Johnson may win parliamentary backing for his Brexit deal as soon as this week.The premier will try Monday to get the House of Commons to endorse in principle the divorce agreement, after an attempt at the weekend failed. Although that triggered a knee-jerk drop at the market open, the pound recove...
Tags: London, News, Bloomberg, House Of Commons, Boris Johnson, Brexit, ING Bank, Paul Dobson, MUFG, Credit Agricole SA, Lee Hardman, Valentin Marinov, Petr Krpata, Michael G Wilson Charlotte Ryan, Ruth Carson, Anooja Debnath


MUFG to acquire select unit of Maitland’s fund administration business

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has agreed to acquire select divisions of Maitland‘s fund administration business. No financial terms were disclosed. The transaction is expected to close in 2020. PRESS RELEASE LONDON–(BUSINESS WIRE)–MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (“MUFG”), has reached an agreement to acquire select divisions of the fund administration business of Maitland, a privat...
Tags: London, Trends, Luxembourg, Dublin, North America, Financial Services, Mitsubishi UFJ Financial Group, Maitland, AUA, PE Deals, MUFG Investor Services, John Sergides, MUFG, Cayman Islands Halifax, Private Equity and Hedge Fund Services


MUIP backs Chainalysis

New York-based Chainalysis Inc, a provider of investigation and compliance solutions to combat against illicit cryptocurrency activities, has raised an undisclosed amount of funding. The investor was MUFG Innovation Partners Co. Ltd. PRESS RELEASE TOKYO and NEW YORK, April 16, 2019 /PRNewswire/ — MUFG today announced that MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and wholly owned subsidiary of MUFG, has invested in Chainalysis, Inc., a provider of investigation ...
Tags: Japan, New York, Trends, Asia Pacific, Tokyo, Group, VC Deals, MUFG, Chainalysis Inc, Chainalysis, Mitsubishi UFJ Financial Group Inc MUFG, Tokyo Nagoya, MUIP, MUFG Innovation Partners Co Ltd, Nobutake Suzuki MUFG Innovation Partners, New York Chainalysis


Japan's MUFG considers scaling back overseas markets division: sources

Mitsubishi UFJ Financial Group is considering scaling back its bond and equity sales and trading operations in London and New York as part of a broader restructuring of its global markets division, two sources said on Tuesday.
Tags: Japan, New York, London, Money, businessNews, Mitsubishi UFJ Financial Group, MUFG


Bagnouls joins MUFG Investor Services

MUFG Investor Services said March 11 that it named Bruno Bagnouls as a managing director and head of private equity and real assets of Mitsubishi UFJ Investor Services & Banking Luxembourg S.A. Bagnouls was previously with TMF Group where he was group head of private equity and real estate and a managing director of TMF Luxembourg. PRESS RELEASE MUFG Investor Services Strengthens Private Equity and Real Assets Offering in Luxembourg London, 11 March 2019 – MUFG Investor Services, the global asse...
Tags: Australia, Singapore, US, Trends, People, Luxembourg, Private Equity, EMEA, Mitsubishi UFJ Financial Group, Bruno, MUFG Investor Services, MUFG, TMF Group, LUXEMBOURG LONDON, Bruno Bagnouls, MIBL


MUFG Union buys Intrepid Investment Bankers

MUFG Union Bank NA said Jan. 8 that it closed its buy of Intrepid Investment Bankers LLC. Financial terms weren’t announced. Intrepid, of Los Angeles, is a middle market investment bank out of Los Angeles. Intrepid will operate under its current name as a subsidiary of MUFG Union Bank. PRESS RELEASE MUFG Union Bank Completes the Acquisition of Intrepid Investment Bankers to Expand its Middle Market Banking Services LOS ANGELES, January 8, 2019 – MUFG Union Bank, N.A. today announced it has compl...
Tags: California, New York City, Los Angeles, Trends, Georgia, M&a, Bank, SEC, West Coast, San Francisco California, FDIC, FINRA, MUFG Americas, Union Bank, MUFG Union Bank, MUFG Union Bank N


MUFG adds McLallen as MD to private equity sponsor coverage group

Mitsubishi UFJ Financial Group Inc has named Scott McLallen as a managing director in the bank’s private equity sponsor coverage group. His appointment begins January 14, 2019. Previously, McLallen worked at SunTrust Robinson Humphrey where he worked for nearly eight years as a managing director in the bank’s financial sponsors group. PRESS RELEASE New York, January 14, 2019 – Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial institutions, today announced that Sco...
Tags: New York, Trends, Georgia, People, Canada, Tokyo, West Coast, Group, Muah, University Of Illinois, Scott, Matt, Mitsubishi UFJ Financial Group Inc, SunTrust Robinson Humphrey, Donaldson Lufkin Jenrette, U S Operations


Japan's MUFG picks core bank unit head as CEO in management reshuffle

Mitsubishi UFJ Financial Group (MUFG) said on Wednesday it picked Kanetsugu Mike, the head of its core commercial banking unit, as its next president and CEO as Japan's largest lender accelerates efforts to expand overseas.
Tags: Japan, Money, businessNews, MUFG, Mitsubishi UFJ Financial Group MUFG


Japan's MUFG promotes core bank unit head as CEO in management reshuffle

Mitsubishi UFJ Financial Group said on Wednesday it has picked Kanetsugu Mike, the head of its core commercial banking unit, as its next president and CEO as Japan's largest lender accelerates efforts to expand overseas.
Tags: Japan, Money, businessNews, Mitsubishi UFJ Financial Group, MUFG


MUFG leaps to grab CBA asset management unit for $2.9 billion in surprise sale

Commonwealth Bank of Australia will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny.
Tags: Money, businessNews, CBA, Commonwealth Bank of Australia, Mitsubishi UFJ Financial Group, MUFG


MUFG says bank's CEO will not attend Saudi conference

The CEO of Mitsubishi UFJ Financial Group's banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. A spokesman for the Japanese company said that MUFG Bank Deputy President Eiichi Yoshikawa will attend the Saudi event in place of CEO Kanetsugu Mike. MUFG said the decision was made after "evaluating factors in a compreh...
Tags: News, Saudi Arabia, Mitsubishi UFJ Financial Group, MUFG, Jamal Khashoggi, MUFG Bank, Eiichi Yoshikawa, Kanetsugu Mike MUFG


MUFG hires Maley as MD and head of private equity sponsor coverage

Mitsubishi UFJ Financial Group Inc has hired Matt Maley as a managing director and head of the bank’s private equity sponsor coverage group. Maley will begin his new position on September 4, 2018. Previously, Maley worked at Deutsche Bank where he was most recently a senior member of the financial sponsors group. PRESS RELEASE NEW YORK, June 27, 2018 /PRNewswire/ — Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial institutions, today announced that Matt Maley will...
Tags: Europe, New York, Trends, Georgia, People, Deutsche Bank, Tokyo, Goldman Sachs, West Coast, Group, Ba, Stanford University, Kevin Cronin, Matt, Mitsubishi UFJ Financial Group, Smock