Japan’s biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.
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/ 13 October 2008
Mitsubishi UFJ Financial Group has bought a 21% stake in Wall Street bank Morgan Stanley for $9-billion, the companies said on Monday.
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/ 5 November 2007
Shares of Citigroup rose 5% in their debut on the Tokyo bourse on Monday, a day after the United States bank’s head resigned to take responsibility for spiralling losses on subprime-related investments. Charles Prince stepped down after four years as Citigroup’s chief on Sunday after the bank said it may suffer an -billion write-down for subprime losses.