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Stock Market & Financial Investment News

News Breaks
December 12, 2012
12:25 EDTMTUBOT-Mitsubishi UFJ to buy 20% stake in VietinBank, Nikkei reports
Bank of Tokyo-Mitsubishi UFJ (MTU) will buy a 20% stake in VietinBank for Y60B by acquiring shares held by the Vietnamese government, the Nikkei reports. The company is looking to complete the transaction in the first half of next year. Reference Link
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April 21, 2015
09:02 EDTMTUBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
April 16, 2015
06:23 EDTMTUSharp, lenders close to $1.7B rescue, restructuring plan, Reuters reports
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