Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Companies
Oct 23, 2020
MUFG rules out more job cuts at Asia brokerage after restructuring
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.
Japan Times
BUSINESS
Oct 21, 2020
Japan plans hub for foreign brokers to file paperwork in English
The one-stop venue could start operating as soon as next spring, with English-language filing to begin before that in early 2021 via the Financial Services Agency.
Japan Times
BUSINESS / Economy
Oct 16, 2020
Japan needs another extra budget to help ailing economy, experts say
Ruling-party lawmakers have likewise called for another stimulus package funded by a third extra budget.
Japan Times
BUSINESS / Markets
Oct 12, 2020
BOJ’s swelling share of Japan assets complicates future exit from stimulus
The central bank now owns 71% of exchange-traded funds, a fifth of commercial paper and 7% of corporate bonds, its assets equivalent to 137% of gross domestic product.
Japan Times
BUSINESS / Economy / ANALYSIS
Oct 8, 2020
Nagasaki bank merger may expose flaws in Suga’s regional rescue plan
Some in Nagasaki fret the merged bank, which would belong to a financial group based in Fukuoka Prefecture, may shift its focus away from local borrowers.
Japan Times
BUSINESS
Oct 6, 2020
Japan eyes stress test on major banks to gauge impact of COVID-19
The Bank of Japan is moving toward stress testing many banks simultaneously based on standardized risk scenarios, bringing it in line with overseas counterparts.
Japan Times
BUSINESS / Companies
Sep 25, 2020
Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
Japan Times
BUSINESS / EXPLAINER
Sep 25, 2020
How to steal ¥28 million: Lessons learned from the Docomo swindle
Japan's largest mobile phone carrier made headlines after its e-money service was used to defraud people who weren't NTT Docomo customers.
Japan Times
BUSINESS / Companies
Sep 24, 2020
Mizuho to shrink New York and London offices following remote work success
Contrary to other financial institutions, the mega-bank says productivity hasn't suffered while employees have been working remotely.
Japan Times
BUSINESS / Economy
Sep 23, 2020
Japan's SBI, eyeing shake-up of regional banks, may get a Suga boost
Suga has pledged to strengthen local economies and encourage regional banks to consolidate, a shake-up that many say is long overdue.
Japan Times
WORLD / Crime & Legal
Sep 21, 2020
Major banks processed transactions they suspected were illegal, filings show
The more than 2,100 suspicious activity reports filed by major U.S. and international banks relate to more than $2 trillion of transactions between 1999 and 2017.
Japan Times
BUSINESS
Sep 11, 2020
First woman to head top bank shows how Wall Street is playing catch-up
Citigroup Inc.'s appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago.
Japan Times
BUSINESS / Economy
Sep 10, 2020
Bank of Japan coronavirus loans may ensure ‘zombie’ firms limp on
The total lent so far is already more than four times the amount deployed from January 2009 to support firms during the global financial crisis.
Japan Times
BUSINESS / Markets
Aug 25, 2020
MUFG plans to offer COVID-19 bonds to individual investors
Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the COVID-19 pandemic.
Japan Times
BUSINESS / FOCUS
Aug 24, 2020
Jackson Hole conference goes virtual as monetary experts discuss life after ‘peak central banking’
After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policymakers will hold a virtual Jackson Hole conference this week that will look pale by comparison. The same could probably be said of the central banks themselves.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?