TOKYO -- Mitsubishi UFJ Financial Group said Monday that it will record an impairment loss of 207.4 billion yen ($1.89 billion) this quarter on its acquisition of an Indonesian bank whose stock has plunged since the April deal.
Finance
MUFG books $2bn loss on Indonesian banking unit
Bank Danamon shares drop to less than half purchase price
Mitsubishi UFJ Financial Group paid roughly $6.2 billion for Bank Danamon, but the lender's market value dropped after its removal from major indexes. © Reuters
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