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The Bank of Tokyo-Mitsubishi UFJ, Ltd.
株式会社三菱東京UFJ銀行
Type Subsidiary
Founded 1880 (The Mitsubishi Bank, Ltd.)
Headquarters 7-1 Marunouchi Nichōme, Chiyoda, Tokyo, Japan
Key people Katsunori Nagayasu, President
Industry Finance
Products Banking
Revenue N/A (established on January 1 by Vasu, 2006)
Owner(s) Mitsubishi UFJ Financial Group
Employees 34,274
Website bk.mufg.jp/english

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (株式会社三菱東京UFJ銀行 Kabushiki-gaisha Mitsubishi Tōkyō UFJ Ginkō ?), or BTMU, is a Japanese bank that was established on January 1, 2006, with the merger of The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group.

The Bank of Tokyo-Mitsubishi UFJ is the second largest bank measured by assets in the world.

The bank's head office is in Marunouchi, Chiyoda, Tokyo, Japan.[1]

Head Office in Marunouchi, Tokyo, Japan.
Fuchu Branch

Contents

History

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The Bank of Tokyo-Mitsubishi

The financial group dates back to 1880 as the Yokohama Specie Bank later renamed to The Bank Of Tokyo, Ltd. The Bank of Tokyo, Ltd.(株式会社東京銀行; Kabushiki Gaisha Tōkyō Ginkō). Also in 1880, The Mitsubishi Bank, Ltd. (株式会社三菱銀行; Kabushiki-gaisha Mitsubishi Ginkō) was founded by former samurai Yataro Iwasaki and was a core member of Mitsubishi Group companies. In April 1996, The Mitsubishi Bank, Ltd. and The Bank of Tokyo, Ltd. merged.

In July 2004, Japan's fourth-largest financial group UFJ Holdings offered to merge with MTFG. The merger of the two bank holding companies was completed on October 1, 2005. The core banking units of MTFG and UFJ, The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank, respectively, continued to operate separately until January 1, 2006, when they were merged to form The Bank of Tokyo-Mitsubishi UFJ, Ltd..

UFJ Bank

UFJ Bank Limited (株式会社UFJ銀行 Kabushiki-gaisha UFJ Ginkō ?) was a Japanese bank originally established by the merger in 2002 of Sanwa Bank(株式会社三和銀行; Kabushiki-gaisha Sanwa Ginkō) (based in Osaka) and Tokai Bank(株式会社東海銀行; Kabushiki-gaisha Tōkai Ginkō) (based in Nagoya). The UFJ was formed from a merger with Toyo Trust and Banking.

Bank of Tokyo-Mitsubishi UFJ

On January 1, 2006, Mitsubishi Tokyo Financial Group and UFJ Holdings, Inc. merged, creating the Mitsubishi UFJ Financial Group. On January 1, 2008, UFJ Bank combined with The Bank of Tokyo-Mitsubishi, Ltd., another unit of MUFG, to form The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Holdings

  • UnionBanCal Corporation (approx 63% in Feb 2005; 68% in 2004; 100% in 2008)
  • Chong Hing Bank (9.66%)
  • Morgan Stanley (21%). On September 29, 2008, Mitsubishi UFJ Financial Group announced that it would acquire a shareholding in Morgan Stanley for US$9 billion. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. Morgan Stanley's share price recovered considerably after Mitsubishi UFJ closed the deal on October 14, 2008.
  • Aberdeen Asset Management (9.9% in Oct 2008)

References

  1. ^ "About The Bank of Tokyo-Mitsubishi UFJ, Ltd." The Bank of Tokyo-Mitsubishi UFJ. Retrieved on December 7, 2009.

External links


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