One of Japan's top ranked banks, Mitsubishi UFJ Financial Group Inc., has announced its plans of pegging the per share price at 428 Yen, in what will be the company's second stock scale in merely a year. Also, with the offering, the group is looking to raise as much as 1.026 Trillion Yen ($11.6 Billion).

Japan's Mitsubishi UFJ Financial Group is looking to open a public offering of its share, with the aim to raise as much as $11 Billion or 1 Trillion Yen, hitting an all time record high for a Japanese firm. With the extra capital, the company is looking to meet requirements for a stricter capital as well as increase its rate of lending across Asia.

Morgan Stanley and Mitsubishi UFJ Financial Group Inc. are all set to create a loan marketing joint venture in the United States, a move which will strengthen both financial firms' corporate and investment-banking efforts.
 
Later, the joint venture will be expanded to other parts of North and South America. 

The Japanese mega-bank, Mitsubishi UFJ Financial Group Friday reported a 42.07 billion yen net loss for the first three quarters of the financial year - a virtual nosedive from its previous year's 314.66 billion yen profit!