MUFG

Amsterdam
Sep 13 '17 16:00

Large Japanese bank Mitsubishi UFJ Financial Group (MUFG) filed a license application to set up a new subsidiary in Amsterdam, so that the financial group can continue to serve customers in the European Union after the Brexit, the bank said in a statement.

"The new subsidiary in Amsterdam will ensure that the Group can continue to provide these services to its EU clients, even if the cross-border passport is lost as a result of Brexit," the bank noted. Currently, the EU customers are served by a subsidiary based in the United Kingdom.

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