Mitsubishi UFJ Trust and Banking Corporation

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Mitsubishi-UFJ Trust Bank Hankyu-Umeda Branch

Mitsubishi UFJ Trust and Banking Corporation (三菱UFJ信託銀行株式会社, Mitsubishi UFJ Shintaku Ginkō Kabushiki-gaisha^?) is the trust banking arm of the Mitsubishi UFJ Financial Group (MUFG), a Japanese financial services company which is the largest in the world measured by assets. The bank's headquarters are in Tokyo, Japan.

The merger of Mitsubishi Tokyo Financial Group (MTFG) and UFJ Holdings on October 1, 2005 was followed by the merger of their respective trust banking subsidiaries (The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank), creating Mitsubishi UFJ Trust and Banking Corporation.

1 The Mitsubishi Trust and Banking Corporation
2 UFJ Trust Bank Limited
3 History
- 3.1 UFJ Holdings, Inc.
4 Shareholders
5 External links

[edit] The Mitsubishi Trust and Banking Corporation

The Mitsubishi Trust and Banking Corporation (三菱信託銀行株式会社, Mitsubishi Shintaku Ginkō Kabushiki-gaisha^?) was a Japanese trust bank, and a member of the Mitsubishi Tokyo Financial Group.

On October 1, 2005, the company merged with UFJ Trust Bank to form Mitsubishi UFJ Trust and Banking Corporation.

[edit] UFJ Trust Bank Limited

UFJ Trust Bank Limited (UFJ信託銀行) was a Japanese bank.

The bank was founded in 1959 as the Toyo Trust & Banking Co. (東洋信託銀行). In 2001, Toyo Trust become a subsidiary of financial services conglomerate UFJ Holdings. The bank was renamed UFJ Trust Bank Limited in 2002 to reflect its new parent company's identity.

On October 1, 2005, coinciding with the acquisition of UFJ Holdings by the Mitsubishi Tokyo Financial Group, UFJ Trust merged with The Mitsubishi Trust and Banking Corporation to form the Mitsubishi UFJ Trust and Banking Corporation.

[edit] History

The financial group dates back to 1919, when the Mitsubishi Bank was founded to finance the Mitsubishi zaibatsu, most of which is today Mitsubishi Heavy Industries.

In July 2004, Japan's fourth-largest financial group UFJ Holdings offered to merge with MTFG. The merger of the two bank holding companies was completed on October 1, 2005. UFJ was created from a merger with the Toyo Trust, a part of the Toyota Motor Corporation. Toyota's chairman sat on the board of the UFJ which became one of the world's largest money losing corporations. The UFJ was accused of corruption and making bad loans to the yakuza crime syndicates. The UFJ is one of the largest shareholders of Toyota. The trust banking and securities units of the two groups were merged on the same day. The core banking units of MTFG and UFJ, The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank, respectively, continued to operate separately until January 1, 2006, when they were merged to form The Bank of Tokyo-Mitsubishi UFJ, Ltd..

[edit] UFJ Holdings, Inc.

UFJ Holdings, Inc. (株式会社UFJホールディングス, Kabushiki-gaisha UFJ Hōrudingusu^?), or UFJ, was the weakest among the four major banking groups in Japan. "UFJ" is an abbreviation of "United Financial of Japan", was formed from a merger with the Toyo Trust, a part of the Toyota Motor Corporation. It is one of the largest share holders of Toyota. The Chairman of Toyota was a director on its board during the reports of financial scandals and indictments of three UFJ executives. Then after being one of the world's losing corporations, on October 1, 2005, it was merged with the Mitsubishi Tokyo Financial Group to form the Mitsubishi UFJ Financial Group.