Mitsubishi UFJ weighs acquisition of U.S. regional bank

04/1/2012 | San Francisco Chronicle

Mitsubishi UFJ Financial Group is considering acquiring a U.S. regional bank, said Nobuyuki Hirano, president of unit Bank of Tokyo-Mitsubishi UFJ. The Japanese company could spend "several billion" dollars. Mitsubishi UFJ wants to expand in U.S. commercial banking, especially as Japanese demand declines.

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San Francisco Chronicle