Fed slashes rate to near zero and eases lending rules [Los Angeles Times (CA)]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Los Angeles Times
The Federal Reserve, taking a second and more powerful emergency action to fight the coronavirus’ severe impact on markets and the economy, slashed interest rates on Sunday to near zero and said it would employ other steps to boost lending and support the financial system. The Fed announced it would cut a full percentage point from its benchmark rate, taking it down to the same rock-bottom level where it was pinned for several years because of the Great Recession. Officials said they also would buy at least $700 billion of Treasury and mortgage-backed securities to help maintain smooth functioning of financial markets. “The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed’s monetary policy committee said in a statement. “The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability
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MUFG
News
- MUFG and DWS Group Launch Private Financing Strategic Venture for Project and Infrastructure Asset InvestmentsPR Newswire
- MUFG Announces Executive Leadership Changes Within its Securities Business [Yahoo! Finance]Yahoo! Finance
- BOJ Weighs Case for First Triple Hike Since Japan's Bubble Burst [Yahoo! Finance]Yahoo! Finance
- Mitsubishi UFJ Plans WealthNavi Buyout to Expand FinTech Capabilities [Yahoo! Finance]Yahoo! Finance
- Nomura's Japan Corporate Bond Market Rank Slips After Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
MUFG
Earnings
- 8/2/24 - Beat
MUFG
Sec Filings
- 12/2/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- MUFG's page on the SEC website