Tuesday, Mitsubishi UFJ Financial Group, Inc. (MTU) and Morgan Stanley (MS) revealed initiatives to further expand the scope of their previously announced strategic alliance into new geographies and businesses.
The new initiatives includes a global alliance in corporate and investment banking, including the creation of a loan marketing joint venture in the Americas starting primarily in the U.S., and business referral arrangements in Asia, Europe, the Middle East and Africa. The venture also includes a referral agreement for commodities transactions made outside Japan and secondment of personnel for sharing of best practices and expertise.
The arrangements will cover a number of products and services, including capital markets, loans, fixed income sales and other ancillary businesses. Mitsubishi and Morgan Stanley said they intend to initiate the arrangements immediately upon execution of definitive agreements.
The two entities would form the Morgan Stanley MUFG Loan Partners, a new loan marketing joint venture that is expected to provide attractive credit opportunities for both firms and provide clients with access to expanded, capital markets services from both companies.
Mitsubishi and Morgan Stanley have also agreed to the framework of a secondment program to facilitate the sharing of best practices and expertise between the two companies. The program will begin with the secondment of MUFG personnel to Morgan Stanley. The secondees will also be able to share knowledge and help maximize the benefits of the strategic alliance across a variety of business areas.
Once formalities are completed, the two companies combined would become one of the largest lenders to major U.S. corporations, with total loan commitments of over US$100 billion.
MS closed Tuesday's regular trading at $28.51, down 0.59 or 2.03% on a volume of 17.695 million shares on the NYSE.
MTU closed Tuesday's regular trading at $6.14, down $0.19 or 3.00% on a volume of 1.643 million shares on the NYSE.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.