Mitsubishi UFJ increases stake in US Bancorp for $936m

Mitsubishi UFJ increases stake in US Bancorp for $936m

FILE PHOTO: People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo

Mitsubishi UFJ Financial Group (MUFG) said on Thursday it would invest $936 million in US Bancorp—a move that will help the U.S. regional bank pay back some of the debt it owes the Japanese lender.

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