Deals
MUFG Considers Job Cuts at Its Brokerage Business Overseas
- May trim headcount in U.K. and U.S., securities unit CEO says
- A lack of volatility has put pressure on some operations
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Mitsubishi UFJ Financial Group Inc. is considering job cuts at its securities operations overseas to keep them profitable.
The brokerage arm of Japan’s biggest bank may reduce headcount in the U.K. and the U.S., reflecting market conditions, Mitsubishi UFJ Securities Holdings Co. Chief Executive Officer Saburo Araki said, without giving details. The firm had 605 employees in Europe and 469 in the Americas as of March.