News in Brief - Caproasia Online
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







Japan’s Largest Bank to Consider Cutting Headcount

Mitsubishi UFJ Financial Group is considering cutting about 10,000 positions over a decade as low interest rates and competition squeeze profit. Mitsubishi UFJ Financial Group says it would cut 120 billion yen of costs over several years such as using financial technology to add digital banking channels and streamline back office functions.

“Mitsubishi UFJ Financial Group says it would cut 120 billion yen of costs over several years.”

Most of the positions being reduced are within Japan, where strict labor laws make it difficult to fire staff.

News Source: Bloomberg


Ads & Announcements



 

About Mitsubishi UFJ Financial Group 

Established in 2005, MUFG is the culmination of the merger
and integration of several financial institutions in Japan, with a history going back over 350 years. Applying this long financial experience while continuously evolving, MUFG has always worked on building long-term relationships with customers and giving back to local communities, contributing to the development of a sustainable society.

  • Origin: Tokyo, Japan
  • Assets: US$2.46 trillion
  • Revenue: JPY 4.49 trillion
  • Employees: 106,800

Original Website: http://www.mufg.jp/english/

News & Media: Press Release

Updated on 8th August 2016




2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives




New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today







For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us


    Mailing ListFree TrialPromo $20 MonthlyPromo $180 YearlyInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.









    Previous articleAbout Mitsubishi UFJ Financial Group
    Next articleRothschild Fined in 1MDB Case