Mitsubishi: Bank and Ufj

mitsubishi: Tokyo, which comes from a predecessor of the financial group, Bank of Tokyo, will also disappear from Bank of Tokyo-Mitsubishi UFJ's Japanese name, while Mitsubishi and UFJ will remain, according to The Japan Times. Bank of Tokyo, which had long been internationally known as Japan's only foreign exchange bank, merged with Mitsubishi Bank to create Bank of Tokyo-Mitsubishi in 1996 as part of industry realignments sparked by the collapse of the asset bubble early in the 1990s. The core unit of Japanese industry leader Mitsubishi UFJ Financial Group Inc. is likely to be renamed MUFG Bank as early as next spring. In 2006, the bank merged with UFJ Bank and assumed its current name. (news.financializer.com). As reported in the news.