Mitsubishi (MUFG) units plan to submit business improvement strategies and reports related to administrative action to the FSA based on business improvement orders.
Mitsubishi (MUFG) announces that its units have been penalized by Japan's FSA for breaching client confidentiality. The regulators seek detailed reports on the cause and prevention of such misconduct.
(Bloomberg) -- Japan’s financial regulator penalized Mitsubishi UFJ Financial Group Inc.’s flagship banking unit and two joint ventures for violating client confidentiality rules, potentially dealing a further blow to their business. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’