Union Bank

Union Bank names Warner Bros. exec its digital chief

09/18/18

Julie Demarigny will be in charge of mobile and online strategies at the San Francisco bank.

[more]

No soft opening for Mitsubishi UFJ’s U.S. lobbying office

05/08/18

The Japanese bank, owner of Union Bank in San Francisco, has hired RBC alum Roger Blissett to raise its profile among lawmakers, oversee compliance and build deeper relationships with regulators as its recent charter switch continues to stir controversy.

[more]

MUFG draws Senate scrutiny for its switch to OCC

04/26/18

Japan's biggest bank has been accused by New York officials of dodging tough oversight by swapping its state license for a federal one, putting itself under a U.S. agency on the front lines of President Donald Trump's push to ease financial rules.

[more]

BofA, Citi plan next-gen branches

04/12/18

Bank of America is investing heavily in videoconferencing at unstaffed branches, Citigroup is experimenting with gamification and Union Bank’s PurePoint Financial is going entirely paperless.

[more]

'Stolen' funds returned, MUFG's ambitions and a 30-minute mortgage: Top stories of the week

03/29/18

A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more.

[more]

Latest weapon in battle for deposits: A digital-only bank

03/27/18

The field is crowded, but that’s not stopping well-established banks from trying to reach new markets by creating separately branded digital units.

[more]

MUFG's big U.S. expansion is just getting started

03/26/18

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?

[more]

Dueling digitally: How MUFG's PurePoint competes for online deposits

11/06/17

Add MUFG Union to the roster of traditional banks launching a digital division that aims to grab deposits. PurePoint is going up against some more established competitors who are evolving their strategies.

[more]

There's something broken in small-business lending

10/26/17

Banks tout their small-business lending services, but J.D. Power survey results suggest something's amiss. The solution is easy and old-school — but it costs money.

[more]

Tackling income volatility; New CMO at Citi

04/28/17

JPMorgan Chase’s Colleen Briggs and Fiona Greig are among those working on ways to help a growing segment of consumers with wildly fluctuating incomes. Plus, the women of Wells Fargo’s board and a big promotion at Citi.

[more]