Mitsubishi UFJ (MUFG) has released an update.
Mitsubishi UFJ Financial Group, Inc. (MUFG) has received business improvement orders from Japan’s Financial Services Agency due to insufficient management systems at its subsidiaries, MUFG Bank and MUMSS. The company is taking the matter seriously and has committed to strengthening legal compliance frameworks to prevent recurrence, including internal training and improved monitoring systems. Despite these issues, MUFG will proceed with its planned election of 16 directors at the 19th Annual General Meeting of Shareholders without changes to the proposal.
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