MUFG Aug 2024 7.500 call
- Zacks
Mitsubishi (MUFG) Units Penalized for Client Data Breach in Japan
Mitsubishi (MUFG) announces that its units have been penalized by Japan's FSA for breaching client confidentiality. The regulators seek detailed reports on the cause and prevention of such misconduct.
- Bloomberg
MUFG Penalized by Japan’s Regulator for Client Info Breach
(Bloomberg) -- Japan’s financial regulator penalized Mitsubishi UFJ Financial Group Inc.’s flagship banking unit and two joint ventures for violating client confidentiality rules, potentially dealing a further blow to their business. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’
- Reuters
Japan orders compliance improvements at MUFG bank and securities tie-ups with Morgan Stanley
TOKYO (Reuters) -Japan's banking regulator on Monday ordered the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) to improve compliance measures after the securities watchdog found multiple breaches of "firewall" regulations. The penalties come less than two years after the securities arm of rival megabank Sumitomo Mitsui Financial Group was indicted on market manipulation charges, for which it was ordered to halt the offending business line and improve compliance. The Financial Services Agency, which hands out such penalties, ordered each of the MUFG units to establish the causes of the breaches and submit business improvement plans to prevent recurrences.
