Comments
Japan’s Mitsubishi UFJ Financial Group Inc plans to purchase the US real estate loan business of the Deutsche Bank Group for about $3.7 billion, news reports said Monday.
The move, through MUFG’s US subsidiary Union Bank NA, is to address a predicted recovery in the US real estate market and a lagging domestic loan business, Kyodo News Agency reported, citing unnamed sources close to the matter.
An MUFG spokesman declined to comment.
Japanese banks, which have relatively strong financial bases, are expected to increase their acquisition of overseas operations, Kyodo said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.