Bloomberg: MUFG Looking to Boost ABL, Equipment Financing in U.S.

Bloomberg reported Mitsubishi UFJ Financial Group (MUFG) is expanding its U.S. investment-banking unit to look more like its bigger Wall Street rivals.

In an interview with Bloomberg, MUFG’s deputy head of investment banking in New York said the bank wants to become a bigger player in receivable financing and asset-based finance.

MUFG is also looking to expand its equipment finance lending, according to Bloomberg, which noted the bank recently hired an executive, formerly of BNP Paribas, to lead a push into aviation finance.

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