Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Economy
Aug 14, 2014
Megabanks' $800 billion cash pile shows Abe must free up credit
Prime Minister Shinzo Abe has succeeded in wrestling down the yen and snapping a 15-year deflationary spiral. The challenge of spurring lending by the country's cash-hoarding megabanks remains.
Japan Times
BUSINESS / Companies
Jul 31, 2014
Mitsubishi UFJ profit falls less than estimated on lending, fees
Mitsubishi UFJ Financial Group Inc., the nation's biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown.
JAPAN
Jul 28, 2014
Japan hoping to get more foreign credit card-friendly ATMs
Under the campaign to help tourists ahead of the 2020 Tokyo Olympics, the government plans to step up pressure on banks and convenience stores to update their ATMs so it's easier to withdraw cash with a foreign credit card.
BUSINESS
Jul 23, 2014
Over 30 financial institutions defrauded by phone apps used to intercept passwords
More than 30 financial institutions in six countries have been defrauded by sophisticated criminal software that convinces bank customers to install rogue smartphone programs, a major security company reported Tuesday.
BUSINESS / Economy
Jul 15, 2014
BOJ stays the course toward 2% inflation
The Bank of Japan on Tuesday kept its record stimulus unchanged and forecast inflation will pick up to its 2 percent price target.
BUSINESS / Companies
Jul 3, 2014
Japanese banks trail peers on dividend payouts
Japan's biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad.
Japan Times
BUSINESS / Companies
May 15, 2014
Mizuho most pessimistic of the big banks
Mizuho Financial Group Inc. led the nation's three biggest banks in forecasting a drop in earnings for this year as loan growth loses momentum and returns from stock investments wane.
BUSINESS / Companies
May 9, 2014
Mitsubishi UFJ eyeing BNY Mellon trust arm
Mitsubishi UFJ Financial Group Inc. is considering a bid for Bank of New York Mellon Corp.'s corporate trust arm, sources with knowledge of the matter said.
Japan Times
BUSINESS / Markets
May 9, 2014
Stress tests urged to gauge lenders' risks in JGB crisis
Japanese lenders should take stress tests to assess their ability to withstand swings in bond prices as the central bank's unprecedented monetary stimulus saps trading volumes, one of its former executives said.
BUSINESS / Companies
Apr 26, 2014
U.S. expands probe into banks' hiring
U.S. government agencies that have been probing banks' hiring of the children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with the matter said.
EDITORIALS
Apr 12, 2014
Temp workers turn to unions
When more than 5,000 nonregular workers at the Bank of Tokyo-Mitsubishi UFJ were allowed to join its labor union, it marked a first for nonregular workers at a major Japanese bank.
BUSINESS / Companies
Apr 9, 2014
Banks sue Olympus for ¥27.9 billion over fraud
Olympus Corp. said Wednesday it's being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
BUSINESS / Companies
Mar 26, 2014
Sumitomo Mitsui reportedly to hire four ex-UBS employees for equities
Sumitomo Mitsui Financial Group Inc. will hire four former UBS AG employees to expand its Japan equity business, according to a source.
BUSINESS / Tech / FOCUS
Mar 21, 2014
Is bitcoin start of a financial revolution?
Bitcoin may not be the messiah of a new currency its hard-core fans yearn for, but it may herald the deeper financial revolution the Internet has been waiting for.
Japan Times
BUSINESS / Companies
Mar 14, 2014
Automakers luring Japan's interest-hungry banks to Mexico
Investments by Honda Motor Co. and Nissan Motor Co. that look set to make Mexico the biggest car exporter to the U.S. are giving Japanese banks a chance to escape from the world's lowest yields.
BUSINESS
Mar 4, 2014
Regional banks face growing pressure to merge
Regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside Japan's major cities will leave lenders too weak to stand on their own.
BUSINESS / Companies
Feb 4, 2014
Banks' record earnings mask actual profit prospects
The nation's biggest banks, poised to achieve record annual earnings after last year's stock market surge, may still disappoint investors as the equity rally fades, leaving them reliant on a lending recovery for profit.

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