Mitsubishi UFJ hopes to enlist help of Morgan Stanley in boosting corporate lending business in US:
Mitsubishi UFJ Financial Group Inc. hopes to enlist the help of new ally Morgan Stanley in boosting its corporate lending business in the US, the Wall Street Journal reported.
It has been reported that Mitsubishi UFJ Financial Group Inc. said Friday its quarterly net profit jumped 48% to 75.94 billion yen, helped by an increase in overseas lending income, lower foreign-currency-funding costs and gains related to the integration of consumer lender Acom Co. Japan's largest by assets, reported revenue for April through June of 1.336 trillion yen, compared to 1.438 trillion yen for the year-earlier period.