Tag - sbi

 
 

SBI

In 2023, SBI, PSMC and the Miyagi Prefectural Government formed a basic agreement to construct a chipmaking plant in the village of Ohira, but SBI has announced that the tie-up with PSMC ended.
BUSINESS / Tech
Sep 29, 2024
SBI to end plant construction tie-up with Taiwanese chipmaker
The Japanese online financial group has vowed to carry out the semiconductor plant project by finding new partners.
Four Japanese private-sector banks including MUFG Bank will participate in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements.
BUSINESS
Sep 23, 2024
Four Japanese banks participate in digital currency project
MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and SBI Shinsei Bank will participate in the project.
The Financial Services Agency ordered SBI Securities to halt part of its business related to initial public offerings through Jan. 18 as a penalty for having manipulated clients' post-IPO share prices.
BUSINESS / Companies
Jan 13, 2024
Japan’s biggest online brokerage SBI punished for market rigging
The Financial Services Agency on Friday instructed the nation’s biggest online broker SBI Securities not to solicit trade orders from clients for shares on the day they list.
Yoshitaka Kitao, chief executive officer of SBI Holdings, says Japan is preparing the groundwork for the full-scale introduction of stablecoins.
BUSINESS / Companies
Nov 28, 2023
Circle enters pact with Japan’s SBI to spur USDC stablecoin usage
They will also establish a banking relationship and promote the use of Circle’s Web3 services in Japan.
Rakuten Securities President Yuji Kusunoki
BUSINESS / Companies
Nov 17, 2023
Rakuten Securities sees payoff from free trading plan after a year
The firm plans to make up for the decrease in domestic stock trading commission fee revenues by expanding its financial services such as margin trading.
The Powerchip Semiconductor Manufacturing Corp. headquarters in Taiwan
BUSINESS / Companies
Oct 31, 2023
Taiwan's Powerchip chooses Miyagi Prefecture for $5.4 billion fab
The fab will manufacture chips in the 28-nanometer, 40-nm and 55-nm categories with a planned monthly output of 40,000 wafers, the two companies said.
Powerchip Semiconductor Manufacturing Corp.'s Japanese office in Tokyo
BUSINESS / Tech
Oct 17, 2023
Taiwan's Powerchip considering five sites in Japan for factory
Powerchip announced in July that it was setting up a joint venture with financial firm SBI Holdings with the aim of securing government subsidies.
With the aim of bolstering its customer base, SBI Holdings introduced a commission-free service starting Saturday amid growing interest in investing thanks to government efforts to persuade people to shift household assets from cash and savings to investments.
BUSINESS / Markets
Oct 2, 2023
Zero-commission services intensify brokerage competition in Japan
SBI Holding's decision to scrap commission fees for domestic stock trading threatens to undercut the brokerage industry's profitability.
Pedestrians in front of the Shinsei Bank headquarters in Tokyo in October 2021
BUSINESS / Companies
Sep 8, 2023
SBI Shinsei Bank to go private to repay public funds
By going private, SBI Shinsei Bank will free itself from the shackles of stock prices and be able to pay back the public funds "at some point."
Japan Times
BUSINESS / Markets
Jul 13, 2023
Credit Suisse AT1 fallout embroils more brokerages in Japan
Documents have raised questions over whether information over the risks associated with the product was properly disclosed to investors.
Japan Times
BUSINESS
Jul 5, 2023
Taiwan’s PSMC to team up with SBI to build foundry in Japan
SBI will help raise funds for the venture, which plans to begin with 40-nanometer and 55nm automotive and industrial chips and produce more advanced 28nm chips in the medium to long term.
Japan Times
BUSINESS
Mar 22, 2023
Bad timing as Japan hosts this year's first bank IPO
Amid ongoing global financial turmoil, Tokyo-based SBI Sumishin Net Bank shares were priced at the bottom of a range at ¥1,200 each against an expected price of as high as ¥1,260.
Japan Times
BUSINESS / Companies / Regional Voices: Tohoku
Nov 28, 2022
10 years in making, Tohoku regional banks taking on new challenges
Human resource development and smartphone apps are among the initiatives being adopted by financial institutions in the region.
Japan Times
BUSINESS / Companies
Aug 19, 2022
Japan’s largest online broker to shut crypto mining in Russia
Russia's invasion of Ukraine has created uncertainty over the prospects of the mining business, while crypto's global market rout has rendered it less profitable to mine tokens.
Japan Times
BUSINESS
Jun 21, 2022
Sumitomo Mitsui to take 10% stake in SBI Holdings, source says
The deal would mark another significant acquisition for Sumitomo Mitsui after a string of other deals.
Japan Times
BUSINESS
Mar 30, 2022
After takeover battle, new Shinsei CEO considers buying shadow banks
The midsized lender with u00a510.6 trillion in assets came into the spotlight last year when SBI Holdings Inc. made a tender offer to take effective control of the firm.
Japan Times
BUSINESS / Companies
Mar 7, 2022
SBI Sumishin Net Bank to postpone $1.2 billion IPO
The postponement marks the latest example of an IPO being shelved in markets globally, as investors from Hong Kong to Zurich grow anxious following the events in Ukraine.
Japan Times
BUSINESS / Companies
Dec 22, 2021
SBI's Yoshitaka Kitao 'totally agrees' with suggested delisting of Shinsei Bank
Having secured effective control of the bank, Kitao could delist it in order to pay back funds Shinsei has owed taxpayers since a 1998 bailout.

Longform

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