Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Economy
Apr 1, 2019
Bank of Japan should avoid pushing rates further below zero, head of lenders' association says
The new head of the nation's main banking lobby is warning the Bank of Japan against deepening negative interest rates, signaling that such a move could spur risky investment and put further pressure on lenders' profits.
Japan Times
BUSINESS / Companies
Mar 9, 2019
Personal seals lose ground as big Japanese banks stop using 1800s technology
It has taken more than a century, but Japanese banks are finally parting ways with a piece of technology that hasn't felt cutting edge since the shogun reigned.
Japan Times
BUSINESS / Companies
Mar 6, 2019
Mizuho's surprise $6.1 billion charge exemplifies risks for Japan banks seeking returns abroad
Mizuho Financial Group Inc. announced another round of losses Wednesday on its foreign-bond holdings as part of a surprise writedown that will severely curtail full-year profit, as Japanese banks' quest to secure yield by investing overseas continues to create turbulence.
Japan Times
SOCCER
Mar 5, 2019
England bids farewell to World Cup star Gordon Banks
Thousands of fans joined luminaries of English soccer for a final farewell on Monday to Gordon Banks, a steelworker's son who became one of the world's greatest goalkeepers and will forever be remembered for a miraculous save against Pele.
Japan Times
BUSINESS
Feb 22, 2019
Russia charges top U.S. investor Michael Calvey with fraud; Washington hits denial of access
Russian state prosecutors on Thursday formally charged top U.S. investor Michael Calvey, the founder of the Baring Vostok private equity group, with fraud, hours before Washington accused Moscow of denying its diplomats access to him.
BUSINESS
Feb 4, 2019
D-Day for Aussie banks as inquiry report into misdeeds set for release
The Australian government is due to release on Monday the final recommendations of the independent inquiry that exposed systemic wrongdoing in Australia's financial sector last year, likely leading to sweeping changes to the country's banking industry.
Japan Times
BUSINESS / Companies
Jan 22, 2019
Line hopes app's links with Japan's Mizuho and Nomura can open 78 million wallets
Line Corp. is betting that tie-ups with Japan's biggest financial institutions will help convince its 78 million users to entrust the free texting app with their money.
Japan Times
WORLD / Politics
Jan 1, 2019
Firebrand Elizabeth Warren takes step to challenge Trump in 2020 in potential crowded Democratic field
U.S. Sen. Elizabeth Warren, a liberal firebrand who has taken on Wall Street and traded barbs with Donald Trump, on Monday became the most prominent Democrat to announce a challenge to the Republican president in 2020.
Japan Times
COMMENTARY / Japan
Dec 31, 2018
Japan in 2019: 10 surprises
The outlook for Japan in 2019 is bright.
Japan Times
BUSINESS
Dec 24, 2018
U.S. Treasury Secretary Steven Mnuchin's bid to calm markets risks making bad situation worse
Treasury Secretary Steven Mnuchin looked to quash big-bank worries over plunging stock markets and reports that President Donald Trump might move on his Federal Reserve chief by assuring the financial community Sunday that market liquidity is in good shape.
Japan Times
BUSINESS / Markets
Dec 22, 2018
Trump said to discuss firing Fed chief Powell after irked by latest rate hike
President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following the past week's interest rate hike and months of stock market losses, according to four people familiar with the matter.
Japan Times
BUSINESS
Dec 16, 2018
Fate of $1 trillion in risky U.S. loans may be in Japan's hands
Japanese banks might have snapped up a third of the loans made to highly indebted U.S. companies, propelling the size of the market past $1 trillion.
Japan Times
WORLD / Crime & Legal
Dec 8, 2018
Shootout at Brazilian bank robbery kills 14
Fourteen people including six hostages were killed early on Friday in a shootout between police and bank robbers attempting to blow up ATMs at two banks in a small town in northeastern Brazil, authorities said.
Japan Times
BUSINESS / Economy
Nov 19, 2018
Regional banks' profit woes could damage financial system, Japan's central banker warns
Bank of Japan Gov. Haruhiko Kuroda warned Monday that declining profits at regional banks could hurt the economy by potentially destabilizing the financial system.
Japan Times
BUSINESS / Companies
Oct 31, 2018
Japan's Mitsubishi UFJ buys up Commonwealth Bank of Australia's asset arm for $2.9 billion
The upheaval in Australia's scandal-tainted banking industry has handed Japan's largest banking group a long-awaited opportunity to get a bigger foothold in the global asset management industry.

Longform

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