Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: MUFG Bank Ltd.
Current Parent Company: U.S. Bancorp
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $33,000,000
Year: 2019
Date: June 24, 2019
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Department of Financial Services entered into an agreement with MUFG Bank, formerly The Bank of Toyko-Mitsubishi UFJ Lt., under which MUFG agreed to pay $33 million to settle claims related to the conversion of state-licensed branches in New York, Illinois, and California and its state-licensed agency offices in Texas to federally licensed branches and agency offices.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.