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By Reuters Staff (Adds details on fees, statement from the bank, and background) TOKYO, Jan 22 (Reuters) - The banking unit of Japan’s Mitsubishi UFJ Financial Group Inc said on Friday it would introduce maintenance fees on dormant accounts from July, in a fee system overhaul to ride out the impact of profit decline. MUFG Bank, the country’s largest lender, said in a statement it will charge an annual fee of 1,320 yen ($12.74), including tax for new accounts in which transactions have not been made for two years since they are opened. The move comes as Japanese banks have been grappling w...

[TOKYO] The banking unit of Japan's Mitsubishi UFJ Financial Group said on Friday it would introduce maintenance fees on dormant accounts from July, in a fee system overhaul to ride out the impact of profit decline. Read more at The Business Times.

/PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) today released a presentation to C-suite executives analyzing U.S. President Joseph R. Biden's priorities...

NTT Docomo and MUFG Bank are working on jointly offering housing loan and unsecured loan services, aiming to reach an agreement by this spring, according to the sources.

Dec 25, 2020 Mitsubishi UFJ Financial Group Inc.’s next banking unit chief has vowed to target business in Asia, while signaling the potential for cutbacks in developed markets as plunging interest rates dent profitability. “In Asia, we will pursue growth,” Junichi Hanzawa, 55, told reporters Thursday after being appointed president of MUFG Bank Ltd. “In Europe and the U.S., where interest rates are very low, we need to get leaner.” Hanzawa will replace Kanetsugu Mike, 64, on April 1, the company said in a statement. Japan’s biggest bank has been aggressively expanding in...