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MUFG Americas Holdings Corporation is an intermediate bank holding company based in New York City. It is a wholly owned subsidiary of MUFG Bank , a member of the Japanese Mitsubishi UFJ Financial Group conglomerate. [ 4 ]
The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018. [2] MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third ...
Mitsubishi Bank and the Bank of Tokyo merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. [10] The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking.
In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd. [8] When it was called MUFG UnionBank, it was a subsidiary of intermediate holding company, MUFG Americas Holdings Corporation, and a member of the Mitsubishi UFJ Financial Group. [9] In December 2022, the bank was acquired by U.S. Bancorp for $8 billion.
U.S. Bancorp's (USB) acquisition of MUFG Union Bank will enhance its existing West Coast franchise and accelerate the bank's strategy to serve as the premier lender by integrating the existing ...
Mitsubishi UFJ Trust and Banking Corporation (三菱UFJ信託銀行株式会社, Mitsubishi UFJ Shintaku Ginkō Kabushiki-gaisha) is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese financial services group that is the largest in the world measured by assets. The bank is headquartered in Tokyo, Japan.
Mitsubishi UFJ Securities Co., Ltd. (三菱UFJ証券株式会社, Mitsubishi UFJ Shōken Kabushiki Kaisha), also known as MUFG Securities, is the investment banking arm of the Mitsubishi UFJ Financial Group (MUFG), a financial services company which is the largest in Japan measured by assets. The company is headquartered in Tokyo, Japan.
Mizuho Bank, Ltd. (株式会社みずほ銀行, Kabushiki-gaisha Mizuho Ginkō) is the integrated retail and corporate banking unit of Mizuho Financial Group (TYO: 8411; NYSE: MFG), the third largest financial services company in Japan with total assets of approximately $1.8 trillion in 2017.