Bloomberg reported that Mitsubishi UFJ Financial Group, Inc. has identified potential acquisition targets in United States to expand its retail banking operations. Bloomberg added that the bank has spoken with the Chief Executive Officer's and Investment Officers of the potential targets. Takashi Morimura, Deputy President and Group Chief Executive Officer of global banking said that they are not in discussions with the targets.

Takashi added, "We're trying to enhance our network and commercial banking business so if there's a good target and the timing is good, we would like to do it as soon as possible."