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FINANCIALS: MUFG Criticised By Japanese FSA: Shouldn't Have Spread Impact

FINANCIALS

MUFG (MUFG: A1/A-/A-) hit with business improvement order by Japanese FSA, relating to client information sharing between the bank and its two securities JVs with Morgan Stanley. MUFG has until 24-Jul (BBG reports) to report on the cause of the breach, as well as future recurrence prevention measures. Should not be spread material.

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