Mitsubishi UFJ buys Commonwealth Bank of Australia's asset arm for $2.9b

Mitsubishi UFJ buys Commonwealth Bank of Australia's asset arm for $2.9b

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Emily Cadman

31 October, 2018

Mitsubishi UFJ Financial Group Inc. just took a big step toward its goal of becoming one of the 15 largest asset managers in the world.

Mitsubishi UFJ Financial Group Inc

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