Hints and tips:
...Earlier this year, the SEC questioned Axos’s decision not to disclose in its annual financial report that it was being sued for $100mn by MUFG Union Bank....
...However, Goldman Sachs, Nomura and Morgan Stanley MUFG say the central bank is likely to stick to its current monetary policy framework....
...Letter in response to this article: Brussels and IMO are on board to hit net zero goals / From Guy Platten, Secretary-General, International Chamber of Shipping, London EC3, UK...
...It also gave the banks more leeway to make capital-depleting deals, with PNC acquiring the US business of BBVA for $11.6bn in 2021, and US Bank snapping up MUFG Union Bank....
...The outcome of the negotiations will influence whether the Bank of Japan will begin its pivot towards interest rate normalisation....
...net bond supply, this year the ECB will add to it, likely taking the net bond supply to over €700bn, from something around €150bn last year,” said Derek Halpenny, head of research for global markets at MUFG...
...Eventually Mack and Kelleher engineered a $9bn capital injection from MUFG, the Japanese bank, that ensured Morgan Stanley’s survival....
...In their base scenario, analysts at Morgan Stanley MUFG do not anticipate any change to the BoJ’s yield control policy until well into next year....
...The deal excludes MUFG Union Bank’s corporate and investment banking operations, as well as its global markets businesses....
...He said his bank had moved 300 people from London to Paris. French rival BNP Paribas has increased its headcount in the UK. Japan’s MUFG has added a net 400 jobs in London....
...US Bancorp expects its acquisition of MUFG Union Bank to generate $900m in pre-tax cost synergies from branch closures and back office efficiencies....
...“The market is understandably fearful of further Covid-related disruptions and the impact that could have on growth,” said Lee Hardman, a currency analyst at MUFG....
...The Tel Aviv-based company partners with banks like Metrobank, Santander, MUFG and US Bank to turn their troves of financial data into customer-specific insights....
...Other volunteer groups have also been set up to provide food, water, warm clothes and power banks for the migrants....
...Two years ago it fined Barclays, Citigroup, NatWest, JPMorgan and Japan’s MUFG a total of more than €1bn for rigging the multitrillion dollar foreign exchange market after the global financial crash....
...Lee Hardman, currency analyst at MUFG, said the “latest developments have supported the assumption . . . that a last-minute trade deal would be reached, but the risks remain high that efforts to reach a...
...You could see some crazy moves in the next few days,” said Lee Hardman, a currency strategist at MUFG Bank....
...Lee Hardman, a currency strategist at MUFG Bank, said market pricing still suggests that investors believe that a deal can be struck at the last minute, based on the view that neither side wants to risk...
...There was “a clear sense of concern over the near-term outlook for the economy”, said MUFG’s Derek Halpenny before the figures were released and after the European Central Bank said on Thursday that there...
...The European Central Bank provided little of note after its latest policy gathering....
...Derek Halpenny, an analyst at MUFG Bank, said the more positive note struck by the EU late last week suggested a deal was now “more credible”....
...Chris Rupkey, chief financial economist for MUFG Union Bank, said the job losses were weighing on consumer confidence and the economy, and should make investors question the rally in US stocks over the past...
...MUFG Union Bank, a longtime lender to Hollywood, has increased interest rates on production loans in the range of 0.5 per cent to 1 per cent to reflect the new working environment....
...“No one is shopping at the mall and no one is working on the factory floor,” said Chris Rupkey, chief financial economist at MUFG Union Bank....
...“The one-two punch thrown on Tuesday by the big Fed rate cut and the Biden win last night has put a floor under the stock market for now,” said Chris Rupkey, chief financial economist at MUFG Union Bank....
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