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Japan bank for acquisitions in the U S and Asia

Bank of Tokyo-Mitsubishi UFJ is looking for acquisitions in the U.S. and Asia, according to its recently appointed president and CEO Takashi Oyamada. He said the acquisition plans are part of the bank’s longstanding aspirations to become one of the world’s leading commercial banks. He said the bank will consider any opportunities for non-organic growth in the U S. Oyamada said the bank has a long list of potential acquisition targets among regional U S banks, but is not in any specific negotiations at the moment. The bank had in 2008 acquired California-based Union Bank, which had total assets of $ 115.4 billion at the end of last year.

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