Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

2019-3-9 13:00

The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table.

The Bond Market Is Suffering The bonds came from gas and oil exploration venture CNX Resources Corp. Believing customers would be excited about these newfound investment opportunities, MUFG sought to overpower the purchase proposal

The post Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million appeared first on CCN

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MUFG, Akamai Launch Scalable Blockchain Payment Network GO-NET

The high-speed blockchain-based payment network recently launched its first service to connect payment service providers. GO-NET Payment Network is Now Live According to a report by Ledger Insights published on April 7, GO-NET – a blockchain-enabled payment network set up as a joint venture between Japan-based MUFG and tech partner Akamai – is now live.Read More

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