Mitsubishi UFJ Financial Group said on Thursday it will purchase Bank of America Corp's stake in their Japanese private banking venture. Japan's biggest bank will become outright owner of Mitsubishi UFJ Merrill Lynch PB Securities Co, the private banking venture formed in 2006 by MUFG and Merrill Lynch to tap high net worth individuals, after buying a 49 percent stake from BofA.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $10.61. In the past year, the shares have traded as low as $4.92 and as high as $10.71. On average, 156458000 shares of BAC exchange hands on a given day and today's volume is recorded at 0.
Mitsubishi UFJ Financial Group, Inc. is a Japan-based company mainly engaged in the banking business. Shares of MTU remained unchanged at $4.55. In the past year, the shares have traded as low as $4.03 and as high as $5.36. On average, 1037470 shares of MTU exchange hands on a given day and today's volume is recorded at 0.
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