Home Blockchain News Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

by Rss Feed from web
184 views
cryptocurrency news feed

The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table. The Bond Market Is Suffering The bonds came from gas and oil exploration venture CNX Resources Corp. Believing customers would be excited about these newfound investment opportunities, MUFG sought to overpower the purchase proposal

The post Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment