MUFG group firms tie up to revamp credit card business

TOKYO, Japan - Kazuhiro Omori (L), president of Mitsubishi UFJ Nicos, Naoe Sugimoto (C), president and chief executive officer of Jaccs Co., and Tetsuya Wada, an executive of Mitsubishi UFJ Financial Group Inc., join hands during a news conference in Tokyo on Sept. 20. They announced that they have agreed a capital and business tie-up to help restructure the struggling credit card business of Mitsubishi UFJ Nicos.

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