Tag - us-banks

 
 

US BANKS

Japan Times
BUSINESS
Sep 15, 2017
Japan regulator scrutinizes regional banks' fund buying as risks soar
The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky investment trusts.
Japan Times
BUSINESS / Companies
Sep 13, 2017
MUFG set to pick Amsterdam as post-Brexit hub for EU investment banking
Mitsubishi UFJ Financial Group Inc. has chosen Amsterdam as a base for its investment-banking business in the European Union after the U.K. leaves the bloc.
Japan Times
BUSINESS
Sep 11, 2017
Japan's regional bank consolidation 'inevitable' as BOJ's prolonged ultraeasy policy hurts profits: FSA
Further consolidation among Japan's regional banks is inevitable given the rapidly aging population and ultralow interest rates, according to an adviser to the Financial Services Agency.
Japan Times
ASIA PACIFIC
Sep 11, 2017
Major Chinese banks suspend North Korean transactions
Chinese state banks have started suspending transactions through accounts held by North Koreans, making it almost impossible to do business between the two countries, sources familiar with the situation have said.
EDITORIALS
Sep 8, 2017
Banks' expanding card loan trade
Through their card loans, banks are enabling people to borrow beyond their repayment capacity and fall into multiple debt.
Japan Times
JAPAN / Crime & Legal
Sep 7, 2017
Cybercrime reports climb to a record in first half of 2017
The number of reported cybercrimes rose to a record in the first half of 2017, the National Police Agency said Thursday, warning of a new scam in which virtual currency accounts are hacked for illicit money transfers.
Japan Times
BUSINESS
Sep 7, 2017
Trump sours on Cohn for Fed chair, looks at several candidates: sources
President Donald Trump is considering many candidates to head up the Federal Reserve and has soured on nominating his top economic adviser, Gary Cohn, to lead the central bank, according to sources close to the White House and an administration official.
Japan Times
BUSINESS
Sep 3, 2017
Cryptocurrencies threaten central banks' control over money supply — and officials study using their technology
The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore.
Japan Times
BUSINESS
Aug 31, 2017
FSA to probe card loan biz as personal bankruptcies climb
The nation's financial services regulator is expected to open a special investigation into the banking industry's card loan business this month in response to criticism that increased lending is contributing to a rise in personal bankruptcies, sources said.
Japan Times
ASIA PACIFIC / FOCUS
Aug 25, 2017
U.S. possesses a powerful — but risky — tool to halt North Korea's nuclear progress
The U.S. government is turning the screws on companies that do business with North Korea in violation of U.N. sanctions but has stopped short of taking the more aggressive — and riskier — move of targeting Chinese banks that facilitate Pyongyang's trade in arms and other banned goods.
Japan Times
BUSINESS / Companies
Aug 21, 2017
In Japan's remote areas, banks may soon pay visits to customers with mobile ATM vans
An increasing number of regional banks in Japan are introducing automated teller machines mounted on vehicles to cater mainly to elderly people living in remote areas with no bank-run ATMs.
Japan Times
BUSINESS / Companies
Aug 21, 2017
Citigroup plans to move Tokyo headquarters, bringing brokerage and banking ops together
Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter.
EDITORIALS
Aug 17, 2017
Regional banks' merger dilemma
Regional banks pursuing mergers to ensure their survival should also scrutinize their operations to find areas where they can improve their performances.
Japan Times
BUSINESS / Companies
Aug 12, 2017
In bid to go global, MUFG woos overseas talent
Andrew Mitola had never heard of Mitsubishi UFJ Financial Group Inc. until he met recruiters for the bank during his junior year of college.
Japan Times
ASIA PACIFIC
Aug 9, 2017
China banks appear to get temporary U.S. reprieve after U.N. sanctions deal
The Trump administration appears to be granting Chinese banks dealing with North Korea a temporary reprieve from threatened U.S. sanctions to give Beijing time to show it is serious about enforcing new U.N. steps against Pyongyang, U.S. officials said.
Japan Times
BUSINESS / Companies
Aug 1, 2017
MUFG arms itself with ¥1 trillion war chest for acquisitions
Mitsubishi UFJ Financial Group Inc.'s trust banking arm is seeking acquisitions abroad and has ¥1 trillion to spend as it seeks to become one of the 15 biggest asset managers worldwide.
Japan Times
BUSINESS / Companies
Jul 13, 2017
MUFG plans to take on Wall Street banking rivals in lending push
Mitsubishi UFJ Financial Group Inc. is expanding its U.S. investment banking unit to look more like its bigger Wall Street rivals.
Japan Times
BUSINESS
Jul 12, 2017
Nation's regional banks facing choice of mergers or extinction
Hiroshi Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious.
Japan Times
BUSINESS / Economy
Jul 12, 2017
Trump reportedly may replace Yellen at Fed with economic council head Gary Cohn, ex-Goldman Sachs president
U.S. President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen for a second term next year, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process.
Japan Times
BUSINESS / Markets
Jun 30, 2017
Traders who left for hedge funds heading back to banks
Traders who fled banks for hedge funds are on their way back to Wall Street.

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