Mitsubishi UFJ Financial Group, Inc. (三菱UFJフィナンシャル・グループ | MUFG) (TYO: 8306 ) (NYSE: MTU) (LSE: MUJ) is the world's largest financial services company ranked by assets (estimated at USD$1.7 trillion). 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 ward, 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.
Group Companies
(as of January 1, 2006)
- The Bank of Tokyo-Mitsubishi UFJ, Ltd.
- DC Card Co., Ltd., a credit card issuer
- UFJ Nicos Co., Ltd., a credit card issuer, formed through the merger of UFJ Card Co., Ltd. and Nippon Shinpan Co., Ltd.
- Mitsubishi UFJ Trust and Banking Corporation
- Mitsubishi UFJ Securities Co., Ltd.
- UnionBanCal Corporation, holding company of Union Bank of California
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