MUFG Bank announced that an incident has occurred in which a former employee stole customers' assets from safe deposit boxes. The perpetrator's theft of customers' assets occurred at two branches: the Nerima Branch and the Tamagawa Branch. The perpetratorhas already been dismissed. Approximately 60 safe deposit box lessors at the branches were affected with market value of damages a approximately 1-2 billion yen. Perpetrator was responsible for managing the safe deposit boxes at the affected branches.
MUFG Bank said it will swiftly implement appropriate compensation for the damage incurred by customers.
MUFG Bank is Japan's premier bank, with a global network spanning around 40 countries. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.