Mizuho Financial Group and Mitsubishi UFJ Financial Group (MUFG) are set to restructure their operations throughout Europe in the wake of Britain's vote to leave the EU. Mizuho will reportedly augment functions at its Japanese unit and create a full branch in Madrid in a bid to ensure its 'passporting rights' to other EU countries. MUFG will place its Brussels branch under its Netherlands unit MUFG Bank (Europe) and plans to reorganise further euro zone locations under its affiliates umbrella.
Mizuho Financial Group and Mitsubishi UFJ Financial Group (MUFG) are set to restructure their operations throughout Europe in the wake of Britain's vote to leave the EU. Mizuho will reportedly augment functions at its Dutch unit and create a full branch in Madrid in a bid to ensure its 'passporting rights' to other EU countries. MUFG will place its Brussels branch under its Netherlands unit MUFG Bank (Europe) and plans to reorganise further euro zone locations under its affiliates umbrella.