Japanese banks under scrutiny after shares slide
Mitsubishi UFJ Financial Group, announced a ¥990bn ($10.6bn) equity issue this week after a slump in local share prices threatened to erode the capital bases of Japan’s biggest banks. Morgan Stanley, Nomura and Mitsubishi will manage the common stock sale, after the news hammered MUFG’s stock price. Read EuroWeek on Friday for a full reaction to the news, plus more details of pending new issues in the volatile Japanese market.
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