6-K: Report of foreign private issuer (related to financial reporting)
Mitsubishi UFJ Financial Group Ceases to Be a Substantial Holder in Appen Limited
Mitsubishi UFJ Financial Group Secures Substantial Holding in Karoon Energy
MUFG Bank CEO to Take Pay Cut Over Safety Deposit Box Theft
Mitsubishi UFJ apologizes for the scandal involving employees stealing clients' Assets, with multiple executives taking pay cuts.
Mitsubishi UFJ Bank in Japan announced on Thursday that executives, including CEO Junichi Hamada, will face penalties for being held accountable in a scandal involving a former employee accused of stealing a large amount of customer Assets from client safes. Junichi Hamada will have a 30% salary reduction each month for three months. The core subsidiary of Mitsubishi UFJ Financial Conglomerates will also lower the salaries of other executives, including Director Naoki Hori. On December 16 last year, the Financial Services Agency of Japan requested the bank to submit an investigation report regarding this large-scale theft incident. From April 2020 to October 2024, criminal activity occurred.
Top Gap Ups and Downs on Wednesday: IONQ, BCS, GS and More
