Tag - banks

 
Menu
Search
 
July 27, 2024
 

Today's print edition

Home Delivery
Subscribe for more access

BANKS

Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
BUSINESS / Companies
Jun 25, 2024
Mizuho hiring bankers for U.S. expansion after Greenhill takeover
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
MUFG Bank and two joint ventures in Mitsubishi UFJ Financial Group have been penalized for violating client confidentiality rules.
BUSINESS / Companies
Jun 24, 2024
MUFG penalized by Japan’s financial regulator for client breach
The flagship bank and joint ventures allegedly inappropriately exchanged client information at least 26 times to win business, according to a market watchdog.
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
BUSINESS / Tech
Jun 22, 2024
Ditching paper money makes Sweden a haven for digital criminals
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
Russian President Vladimir Putin and Chinese Vice President Han Zheng attend a meeting in Harbin, China, on May 17.
WORLD / Politics
Jun 21, 2024
Russia and China find workarounds as the U.S. sanctions net widens
One workaround involves smaller, regional banks that can, for the time being, fly below the U.S. sanctions radar.
Japan Post Bank will expand investment into long-term government bonds to take advantage of rising yields.
BUSINESS / Companies
Jun 20, 2024
Japan Post Bank to buy more bonds in light of BOJ taper plan
Japan Post Bank has ramped up investment in JGBs with the balance of holdings totaling ¥5.15 trillion as of March, expanding 1.5-fold from levels in December last year.
Jimoto Holdings' general shareholders meeting in Sendai on Thursday
BUSINESS / Companies
Jun 20, 2024
Regional banking group Jimoto comes under effective state control
A net loss for the group was mainly due to the deterioration of business at Kirayaka Bank, a second-tier regional bank based in Yamagata Prefecture.
Kazuto Oku, CEO of Norinchukin Bank, speaks during a news conference in Tokyo on May 22.
BUSINESS / Companies
Jun 20, 2024
Norinchukin sounds warning as higher-for-longer rates inflict losses
Signals from central banks that they are in no rush to cut rates have caught out many investors who'd been betting on more aggressive moves.
The Securities and Exchange Surveillance Commission said Mitsubishi UFJ Financial Group repeatedly violated its clients’ confidentiality by breaking firewalls among its units.
BUSINESS / Companies
Jun 17, 2024
MUFG unit misses out on arranging flurry of bonds in wake of scandal
The Development Bank of Japan, the Japan International Cooperation Agency and NEC dropped MUMSS from arranging planned bond deals.
Citigroup has created a team in Tokyo catering to cross-border business needs of midsize firms in Japan.
BUSINESS / Companies
Jun 17, 2024
Citigroup starts team in Japan targeting growth at midsize firms
The team in Tokyo will offer tailored products in areas ranging from global cash management to financing.
The Securities and Exchange Surveillance Commission on Friday recommended administrative action against MUFG Bank and two brokerage units of Mitsubishi UFJ Financial Group for sharing nonpublic information on client companies without their permission.
BUSINESS / Companies
Jun 14, 2024
Watchdog backs penalties over sharing of Mitsubishi UFJ client data
The Securities and Exchange Surveillance Commission said that MUFG's banking and securities units had engaged in unauthorized sharing of information.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024
Shareholder votes in focus as big Japan banks sell Toyota shares
The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024
Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings
Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
The Two International Finance Center, left, and other buildings in Hong Kong in May 2021
BUSINESS / Markets
Jun 5, 2024
Chinese move billions into Hong Kong banks, seeking higher yields
Regulators in Beijing have clamped down on high-yielding wealth management products onshore, while sinking real-estate prices have sapped nest eggs across China.
BUSINESS / Companies
Jun 3, 2024
KKR weighs entering private credit in Japan to challenge banks
In Japan, most direct lending has been done overseas, and the domestic loan market is dominated by major banks.
The Iyogin Holdings headquarters in Matsuyama, Ehime Prefecture
BUSINESS / Companies
May 31, 2024
Bond traders make one-of-a-kind gain at tiny bank in Ehime
Iyogin Holdings, a regional bank based in the prefectural capital of Matsuyama, has delivered record net income for two years in a row.
Kazuto Oku, CEO of Norinchukin Bank, during a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 23, 2024
Failed bond bets at Norinchukin force it to change strategy
Given its ownership structure, there are limits on the bank’s investment options.
Prime Minister Fumio Kishida says his administration is committed to capital market reforms to attract more foreign investments.
BUSINESS / Economy
May 23, 2024
Kishida makes public push on capital market reforms
Kishida's appearance at a conference held by Wall Street bank Morgan Stanley was another example of Japan's effort to shed the image of being unwelcoming to foreign investors.
Norinchukin Bank is one of Japan’s largest institutional investors with a ¥55.9 trillion ($357 billion) securities portfolio, and bonds make up more than half of its investments.
BUSINESS / Companies
May 21, 2024
Norinchukin weighs $7.7 billion fundraise to cover bond loss
As a result of restructuring its securities portfolio, the Tokyo-based bank may book about ¥500 billion in losses for the current fiscal year, one source said.
Japan's banks are benefiting from the Bank of Japan's policy shift and strong loan demand among their corporate clients.
BUSINESS / Companies
May 15, 2024
Japan’s biggest banks forecast record profits as rates rise
The banks are benefiting from an earnings boost following the Bank of Japan’s policy shift in March.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Brazil issues apology for persecuting Japan immigrants during WWII
Enea Almeida (right), chair of the Brazilian amnesty commission, shakes hands with the representative for Japanese immigrants on Thursday in Brasilia.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

mission sustainability vol.11 : Sekisui House Ltd.World’s top homebuilder acts on its responsibility
mission sustainability vol.11 : Sekisui House Ltd.World’s top homebuilder acts on its responsibility

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER