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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 ]
MUFG holds assets of around US$2.7 trillion as of 2024 and is the parent company of fully-owned MUFG Bank (branded Bank of Tokyo Mitsubishi UFJ or BTMU until July 2018 [6]), Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities, Mitsubishi UFJ Capital, and MUFG Americas Holdings Corporation; majority shareholder of Bank ...
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 ...
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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.
The Mitsubishi UFJ Trust and Banking Corporation Scholarship Foundation was established in 1953. Since then, it has provided over 5000 scholarships to undergraduate and graduate Japanese and foreign students (as of 2011, approximately 90% have been Japanese and 10% have been foreign). [1]