Tag - us-banks

 
 

US BANKS

Japan Times
BUSINESS
Apr 19, 2023
Daiwa to start using AI chatbot spurned by Wall Street banks
Japan’s second-biggest brokerage plans to adopt the ChatGPT technology from this month for all of its 9,000 domestic employees, adding that it has 'limitless potential.”
Japan Times
COMMENTARY / World
Apr 17, 2023
Accounting for casino capitalism
Mark-to-market accounting standards turned the banking system into a playground for gamblers, fueling instability while adding little economic value.
Japan Times
COMMENTARY / World
Apr 14, 2023
Asian startups are rising to the financing challenge
Once the world’s hottest stock because of its single-minded pursuit of growth, Singapore’s Sea is slashing costs as it seeks safety in profitability.
Japan Times
BUSINESS
Apr 14, 2023
Rakuten Bank prices shares at ¥1,400 in IPO, top of the range
Even with a lower than originally expected price, the listing is the largest in Japan since the $20 billion-plus IPO of SoftBank in December 2018.
Japan Times
BUSINESS / Companies
Apr 13, 2023
Mizuho warned over setting low IPO prices in blow to issuers
The warning suggests the government is getting more serious about removing what it sees as obstacles to its plan to turbocharge Japan’s startup ecosystem.
Japan Times
BUSINESS / Economy
Apr 13, 2023
G7 finance leaders pledge stability and supply chain diversity
The finance chiefs, meeting on the sidelines of International Monetary Fund and World Bank meetings in Washington, said they had discussed recent financial sector developments.
Japan Times
BUSINESS
Apr 12, 2023
Goldman Sachs to start offering transaction banking services in Japan
Japan is the first country in Asia where the firm will offer the services, which include handling money for large companies, the bank said.
Japan Times
BUSINESS / Economy
Apr 11, 2023
Regulator urges local banks to improve asset portfolio management
The FSA has been warning of risks posed by rising interest rates to regional lenders’ bond holdings long before the collapse of Silicon Valley Bank last month.
Japan Times
BUSINESS / Companies
Apr 10, 2023
Japan's three mega-banks to face votes on climate change
Climate groups are targeting mega-banks Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group over financing linked to fossil fuels.
Japan Times
BUSINESS / Companies
Apr 3, 2023
Sumitomo Mitsui wants Wall Street bankers for U.S. expansion
The newly appointed head of the firm’s core banking unit says the downturn in the global economy will help it attract talent as it seeks to boost areas like sales and trading.
Japan Times
BUSINESS
Mar 30, 2023
U.S. bank supervision needs more speed and transparency in wake of SVB debacle, critics say
The Fed’s vice chair claims that supervisors repeatedly identified risks to the failed bank, leading to accusations by lawmakers that the problems had not been escalated fast enough.
Japan Times
BUSINESS
Mar 29, 2023
SVB fallout puts focus on challenges faced by Japan’s regional banks
With a declining population, profit pressures and pandemic assistance measures set to expire, regional banks were already under considerable pressure.
Japan Times
BUSINESS / Companies
Mar 28, 2023
Nomura cautious on Credit Suisse hiring as rivals grab talent
While Japan’s biggest brokerage could end up getting some Credit Suisse bankers as it continues to invest in its businesses, it isn’t 'systematically” targeting the Swiss bank’s employees.
Japan Times
BUSINESS
Mar 27, 2023
First Citizens buys Silicon Valley Bank after run on lender
The Raleigh, North Carolina-based bank entered into a purchase and assumption agreement for all deposits and loans of SVB, the U.S. Federal Deposit Insurance Corp. has confirmed.
Japan Times
BUSINESS / Economy
Mar 27, 2023
Banking stress puts U.S. and Europe on lookout for credit crunch
Authorities around the world are on high alert for the fallout from recent turmoil at banks following the collapse of U.S lenders SVB and Signature and the rescue takeover of Credit Suisse.
Japan Times
COMMENTARY / World
Mar 26, 2023
What it will take to reshape the global monetary order
Why isn't diversification from the U.S. dollar toward the Chinese yuan visible in data on foreign reserves and international payments?
Japan Times
BUSINESS
Mar 24, 2023
Why Japanese banks are well placed to withstand banking crisis
Regulators and industry heads have been quick to say Japan’s financial system is sound, while analysts have been busy reassuring worried bank investors.
Japan Times
BUSINESS
Mar 22, 2023
Rakuten Bank seeks $881 million in biggest Japan IPO since 2018
The banking unit of Rakuten Group set an indicative band of ¥1,630 to ¥1,960 per share on Wednesday, and the stock will list on the Tokyo Stock Exchange on April 21.
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
COMMENTARY / World
Mar 22, 2023
Don't make the same mistake as SVB with your 401(k)
Treasuries aren’t always the safest asset in your portfolio. Your risk depends on the type of bond and what you need the money for.

Longform

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