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MUFG Bank to rebuild headquarters in Tokyo, consolidating group functions Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ MUFG Bank plans to rebuild its headquarters in Tokyo for the first time in some 40 years. | KYODO JIJI Apr 6, 2021 MUFG Bank plans to rebuild its headquarters building in the Marunouchi business district of Tokyo for the first time in some 40 years, President and CEO Junichi Hanzawa said in a recent interview. The bank hopes to consolidate the he...

Celebrated Allianz economist points to GameStop and hedge fund debacles as potential market torpedoes. Mohamed El-Erian customarily is not an alarmist. But he notes that the Archegos Capital Management mess is “the third near-accident this year so far.” Meaning something that could’ve trashed the entire financial system. To El-Erian, Allianz’s chief economic adviser, the collapse of family office Archegos Capital Management is a “one-off,” but it may lead to a tightening of credit as banks become more cautious. On the plus side, he doesn’t detect a “fast-moving contagion” th...

Read more about Japan gathering information on Nomura, MUFG losses linked to US client on Business Standard. Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed US client, and will gather and share information on the matter with the Bank of Japan

Mizuho may face $90 mn loss from Archegos: Nikkei SECTIONS Last Updated: Apr 01, 2021, 08:46 PM IST Share Synopsis The Financial Times earlier reported that Mizuho had conducted an investigation into its possible losses related to the U.S.-based fund, and its potential losses could be similar to those of the brokerage arm of Mitsubishi UFJ Financial Group Inc. Reuters Related TOKYO: Japanese financial firm Mizuho Financial Group Inc may face a loss of 10 billion yen ($90 million) from deals with Archegos Capital Management, the Nikkei newspaper reported on Thursday. The Financial Times earlie...

Amid broader turbulence in the aviation sector, Asian public sector institutions rolled out hundreds of millions of dollars’ worth of support to airlines in the region last week. In one deal, the Japan Bank for International Cooperation (JBIC) inked a ¥25.3bn (approximately US$232mn) guarantee agreement covering four private financial institutions for the principal and interest of their loans to Japan Airlines (JAL). In doing so, the Japanese export credit agency (ECA) is helping JAL obtain financing from Mizuho, MUFG, SMBC and Chiba Bank for the import of two aircraft from Airbus in Franc...