MUFG seeks model change in quest for growth

David Rothnie

November 26, 2020 06:00 pm

MUFG_PA_575x375_26November2020 — A new signboard of MUFG on display outside its building on April 2, 2018, Tokyo, Japan. Mitsubishi UFJ Financial Group Inc. changed the name of Bank of Tokyo-Mitsubishi UFJ to MUFG Bank after 11 years of merger and complaints from customers saying that the name is too long. As of today, all branches are operating under the new name. (Photo by Rodrigo Reyes Marin/AFLO) | Rodrigo Reyes Marin/AFLO/PA Images

MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.

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David Rothnie