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Japan's MUFG acquires US holding company status

Mon Oct 6, 2008 7:58pm EDT
 
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TOKYO, Oct 7 (Reuters) - Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research, Stock Buzz) said on Tuesday it had acquired financial holding company status from the U.S. Federal Reserve.

The status would allow it to undertake comprehensive investment banking business in the United States, Japan's largest lender said in a statement. (Reporting by Taiga Uranaka)

 

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