Oct 17, 2014

Abe's jobs push beyond Tokyo spurs regional lending

Lending in September by regional banks grew at triple the pace of the nation’s megabanks as Prime Minister Shinzo Abe acted to rejuvenate areas outside of Tokyo. Loans by the smaller lenders increased 3.6 percent from a year earlier to ¥215 trillion, while those ...

U.S., U.K. to test big bank collapse in joint model run

Oct 11, 2014

U.S., U.K. to test big bank collapse in joint model run

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack ...

Oct 10, 2014

Moody's boosts Nomura credit rating for first time since 2005

Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 as Japan’s largest brokerage showed improved profitability. The company’s long-term rating was increased by two levels to Baa1 from the lowest investment grade of Baa3, Moody’s ...

Japanese bankers mull extending hours for money transfers

Oct 10, 2014

Japanese bankers mull extending hours for money transfers

Financial institutions are set to extend the hours during which customers can make immediate money transfers to a third party, industry sources said Friday. The government of Prime Minister Shinzo Abe has been urging banks and financial services institutions to take steps to boost ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...

76 million households hit by JPMorgan Chase data breach

Oct 3, 2014

76 million households hit by JPMorgan Chase data breach

A huge cyberattack against JPMorgan Chase & Co. this summer has compromised customer information for about 76 million households and 7 million small businesses, the bank said Thursday. JPMorgan Chase said that names, addresses, phone numbers and email addresses were stolen from the company’s ...

Sep 23, 2014

New York jury finds Arab Bank guilty of transferring funds to Hamas

In a landmark decision, a New York jury Monday found the Jordan-based multinational Arab Bank liable on 24 counts of supporting terrorism by transferring funds to Hamas. The jury deliberated for nearly two full days after a month-long trial at the eastern district court ...

Sep 12, 2014

Megabanks bid for Citigroup's retail operation

An auction to sell Citigroup Inc.’s consumer banking business in Japan apparently attracted around six domestic lenders, including the three largest banks, sources close to the matter said Friday. Citibank Japan Ltd. will continue the bidding process and is expected to complete the transaction ...

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...