Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Companies
May 12, 2015
Nomura, RBS conducted 'enormous' deception over risky financial product: U.S. judge
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc. may face $500 million in damages for what a judge called an "enormous" deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
BUSINESS / Companies
Apr 27, 2015
Mizuho agrees to buy additional loans from RBS for $500 million
Mizuho Financial Group Inc., the nation's third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad.
EDITORIALS
Apr 23, 2015
New opportunities for banks
Business opportunities for banks are set to expand under planned deregulation.
BUSINESS / Companies
Apr 21, 2015
GE said to be in talks with Blackstone, Mitsubishi on sale of assets
General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter.
BUSINESS
Apr 16, 2015
Analyst examines double mystery: Why BOJ's stock rallies boost Japanese megabanks
Katsuhito Sasajima is looking into a double mystery. Why is the Bank of Japan's stock rising and why do the shares of the mega-banks usually follow?
BUSINESS / Companies
Apr 16, 2015
Sharp eyeing ¥200 billion bailout: source
The loss-making company will also pledge to scale back its North American TV operations and cut around 5,000 jobs, or 10 percent of its global workforce, a source said.
BUSINESS / Economy
Apr 12, 2015
China-led AIIB will be lean, clean and green, its chief says
The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution.
ASIA PACIFIC
Apr 9, 2015
Japanese Banks outmuscle Chinese on overseas expansion, IMF says
Japanese banks have been more aggressive than their Chinese peers in expanding abroad since the global financial crisis, the International Monetary Fund said in a report that also highlighted differences in their approaches.
BUSINESS / Companies
Apr 8, 2015
Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion
Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC's Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, according to a person with knowledge of...
Japan Times
BUSINESS / Economy
Apr 1, 2015
Japanese banks oppose stricter capital rules for interest-rate risk
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders require to withstand an increase in interest rates, the new chief of the country's bank lobby said.
BUSINESS
Mar 30, 2015
Flush with cash from would-be pilgrims, Indonesia's Islamic banks expect lending to rise
Flush with cash transfers from the state-controlled Hajj fund, Indonesia's Islamic banks expect loan growth to triple in 2015.
Japan Times
WORLD / Politics
Mar 28, 2015
Upset by Warren's calls for break-ups, U.S. banks debate halting some Senate campaign donations
Big Wall Street banks are so upset with Democratic Sen. Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources said.
Japan Times
BUSINESS / Companies
Mar 26, 2015
Mizuho seeks to build on No. 1 M&A rank by hiring bankers abroad
Mizuho Financial Group Inc., which vaulted to the top spot among Japan's merger advisers this year by working with Japan Post Holdings Co. and Itochu Corp., plans to build on that position by hiring bankers in the United States and Asia.

Longform

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