Sign by Danasoft - Myspace Layouts and Signs

Sign by Danasoft - Myspace Layouts and Signs

Thursday, August 7, 2008

Mitsubishi UFJ Financial Group

It holds an asset of around US$1.2 trillion and is one of the main companies of the Mitsubishi Group[1]. The company was formed on October 1, 2005 with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), formerly Japan's second-largest banking conglomerate, and Osaka-based UFJ Holdings, which was Japan's fourth-largest banking group. The company's headquarters are located in Chiyoda, Tokyo. The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on January 1, 2006 to form The Bank of Tokyo-Mitsubishi UFJ, Ltd. This integration was originally scheduled to take place on October 1, 2005, the same day that the parent companies were merged. However, pressure from Japan's Financial Services Agency, which wanted to ensure the smooth systems integration of the two banking giants, caused the merger of the banks to be postponed for three months. The trust banking and securities units of MTFG and UFJ were merged according to the original schedule on October 1, 2005. Mitsubishi UFJ Financial Group, Inc. had been delisted in London Stock Exchanges.

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