Mitsubishi UFJ Financial Group Inc. (MTU) is in discussions to purchase Morgan Stanley (MS)'s trust-banking assets, valued at around $4 billion, according to two people with knowledge of the matter.
The California-based UnionBanCal Corp., a unit of Mitsubishi UFJ, plans to acquire the assets from Morgan Stanley, according to reports. Nikkei Newspaper, which earlier reported the negotiations, said the deal would need approval from U.S. authorities.
Earlier this month, Union Bank, N.A., a member of Japan's biggest bank, Mitsubishi UFJ Financial Group agreed to buy around $3.7 billion US real estate loans from PB Capital Corp.'s institutional commercial real estate or CRE lending portfolio and platform. PB Capital is a wholly owned subsidiary of Deutsche Bank AG (DB).
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.