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Mitsubishi UFJ Financial Group Inc stock price
Mitsubishi UFJ Financial Group Inc latest news:
U.S. senators seek details on 'dubious' oversight shift by Japanese bank
A decision by Mitsubishi UFJ Financial Group Inc (MTU) to shift its U.S. banks from state regulators to a federal bank regulator is garnering scrutiny from a pair of U.S. Democratic senators.
Japan's MUFG sues New York regulator over bank's oversight shift
Mitsubishi UFJ Financial Group Inc(MTU) on Wednesday sued New Yorks banking regulator to stop its effort to continue to supervise Japan's largest lender after it switched its state branches to federal oversight this week, according to court filings. The New York Department of Financial Services has often taken enforcement action against lenders under its purview.
Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation
Japan's Mitsubishi UFJ Financial Group Inc has received approval from the U.S. Office of the Comptroller of the Currency to convert its branches in four states into federally regulated ones, a spokesman for Japan's largest bank confirmed. As a result, MUFG's branches in New York, Illinois, Texas and California will be regulated by federal charters, rather than state, the spokesman said.
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