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San Fransisco Chronicle (Free subscription) | 11/02/2009
Exacerbating investor worries was U.S. lender CIT Group's bankruptcy filing Sunday, which dragged financials sharply lower across the region.Japan's key Nikkei 225 stock average led Asian declines, down 231.79, or 2.3 percent, at 9,802.95. Hong Kong's Hang Seng index lost 132.68, or 0.6 percent, to 21,620.19 while Australia's S&P/ASX 200 was down 2.2 percent. South Korea's market dropped 1.4...
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Star Tribune (Free subscription) | 11/02/2009
TOKYO - Asian stock markets fell Monday after grim news about American consumers sowed more doubts about the strength of the U.S. economic recovery and sent Wall Street tumbling last week.Exacerbating investor worries was U.S. lender CIT Group's bankruptcy filing Sunday, which dragged financials sharply lower across the region.Japan's key Nikkei 225 stock average led Asian declines, down 2.3...
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Florida Sun Sentinel (Free subscription) | 11/02/2009
... one day and then bad ones the next day."Financials retreated in the wake of CIT's bankruptcy.Mitsubishi UFJ Financial Group Inc., Japan's biggest bank, lost 1 percent, while brokerage Nomura Holdings Inc. fell 2.9 percent. In Sydney, National Australia Bank Ltd. slid 3.3 percent, while was down 1.5 percent in Hong Kong.Concerns about the U.S. outlook and the strong yen...
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Market Wire (Free subscription) | 10/27/2009
NEW DELHI, INDIA (MARKET WIRE) Analyst Choice has combined some of the best financial and technical minds worldwide to bring you an array of free quality equity research and reporting. Today we have begun in-depth reporting on our website evaluating the current market condition of AMR Corporation (NYSE: AMR), Regions Financial Corp. (NYSE: RF), Lowe's Companies Inc. (NYSE: LOW), Chimera Investment...
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Japan Times (Free subscription) | 10/15/2009
Nomura Holdings Inc., Mitsubishi UFJ Financial Group Inc. and their biggest rivals plan to cut hiring of university graduates by almost half, just as the industry begins emerging from its deepest slump in seven decades. Nomura, Daiwa Securities Group Inc., Nikko Cordial Securities Inc., Mitsubishi UFJ, Sumitomo Mitsui Financial Group Inc....
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Market Wire (Free subscription) | 10/07/2009
NEW DELHI, INDIA (MARKET WIRE) W.S.S. is an online community with a dedicated team of analysts who are providing free in-depth research on North American equities. Our analysts have issued free ratings reports on the following six companies: AMR Corporation (NYSE: AMR), Lexington Realty Trust (NYSE: LXP), Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), China Mobile Limited (NYSE:...
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Mish's Global Economic Trend Analys (Free subscription) | 10/07/2009
... improvement order.” Japan Lending Statistics Japan’s three largest banks, including Mitsubishi UFJ Financial Group Inc., posted combined losses of almost $14 billion last fiscal year as bad-debt charges surged. Corporate bankruptcies increased 12 percent to 16,146 in the year ended March 31, the highest in six years. In spite of the above Kamei states: “We’re...
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bizjournals (Free subscription) | 09/25/2009
Mitsubishi UFJ Financial Group Inc. is set to pump $2 billion into the parent company of Union Bank by Wednesday.
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Money Outlook (Free subscription) | 09/26/2009
Mitsubishi UFJ Financial Group Inc. said Saturday it will inject $2 billion into Union Bank, its wholly owned subsidiary in California, by the end of the month to bolster the struggling lender's financial base.
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Japan Times (Free subscription) | 09/26/2009
Mitsubishi UFJ Financial Group Inc. said Saturday it will inject $2 billion into Union Bank, its wholly owned subsidiary in California, by the end of the month to bolster the struggling lender's financial base. MUFG said Union Bank is suffering from real estate loans that are becoming irrecoverable because of the recession and credit crunch, with bad-loan losses for the January-June...
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Law Blog - WSJ.com (Free subscription) | 09/25/2009
UnionBanCal said parent Mitsubishi UFJ Financial Group will inject $2 billion by Wednesday to offset possible credit losses if the economy weakens further.
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Star Tribune (Free subscription) | 09/24/2009
... help companies ride out the global slump. The government approved aid for chip maker Elpida Memory Inc. in June.Approval is not guaranteed because some government officials believe JAL's slump reflects structural problems in the company not just the global economic downturn, Japan's largest newspaper Yomiuri said.JAL has reportedly been in talks with several major airlines including American...
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Seattle Times (Free subscription) | 09/24/2009
Maehara also met with leaders of the government-owned Development Bank of Japan, as well as Japan's top three commercial banks - Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group and Mizuho Financial Group - to discuss the possibility of funding the airline. JAL in June reached a 100 billion yen ($1.1 billion) loan deal with the Development Bank...
