Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit boxes.

Financial Group Inc., Japan's largest bank by market value, closed at a record high, fueled by optimism for increased lending income due to rising interest rates.

MUFG Bank has received a reprimand from the Japan’s Association of Real Estate Securitization in relation to inappropriate securities-related activities with Mitsubishi UFJ Morgan Stanley Securities (MUMSS).

Mitsubishi UFJ Financial Group Inc. shares closed at a record high as Japanese lenders gained on optimism they will further benefit from rising interest rates boosting their lending income.Most Read f

The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a series of alleged thefts by a former employee.

Japan’s biggest banks are nearing a key valuation level for the first time in almost a decade as investors bet that the Bank of Japan will raise interest rates on Friday and accelerate its normalisation of monetary policy.

At least 60 clients have been victims of the safe deposit box thefts, with the total damage expected to exceed ¥1 billion.

THE Bank of Japan, after clearly signalling last week’s interest rate hike, may return to its accustomed fuzzy guidance about central bank policy to maintain flexibility when it eventually begins to consider how much tightening is enough.

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.

MUFG Bank announced Thursday it will punish executives, including President Junichi Hanzawa, for a former employee's alleged massive thefts of customer assets from safe deposit boxes.

Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, proudly announces a three-year partnership

Insurtech startup InsuranceDekho has raised capital from Beams Fintech Fund, MUFG Bank and C. Development, documents filed with the ministry of corporate affairs showed. This is part of a larger fundraiser that could go up to $75-100 million, two people familiar with the matter told Mint.