Dec 8, 2014

Lending data bucks recession with help from yen

Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession. Loans, excluding lending by local “shinkin” credit banks that serve consumers and ...

Nov 23, 2014

Hackers to probe cybercrime defenses at British banks

In the next few months, hackers will try to penetrate the cyberdefenses of Britain’s major banks and steal information about millions of customers. But for once they will be welcome. Banks are on red alert after cybercriminals obtained details of 83 million clients from ...

Nov 20, 2014

Bankers plan for launch of 24-hour money transfers in 2018

The Japanese Bankers Association plans to introduce a new settlement system by the end of 2018 to launch year-round 24-hour online money transfers, it was learned Thursday. The association, also known as Zenginkyo, will include the plan in a report to be released on ...

Nov 20, 2014

Another black eye for bankers

Bankers believe, with good cause, that they are too big to fail. The result is a belief in their own immunity and a culture of impunity that produces scandal after scandal.

Nov 20, 2014

London's bankers battle in the boxing ring

Gasping for breath and bleeding from a thick lip, Nick “Suicide” Seto exited the ring. But the pain of defeat would be forgotten the next day when he returned to work at a London bank. “I love winning, so it hurts, but I hope ...

Global banks fined billions for rigging market

Nov 13, 2014

Global banks fined billions for rigging market

Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said Wednesday, as they fined five banks ...

Nov 11, 2014

Regional banks Higo, Kagoshima to merge in 2015

Regional lenders Kagoshima Bank and Higo Bank have agreed to merge next year to tackle the intensifying competition, shrinking population and economic stagnation afflicting the industry. The banks, both based in Kyushu, plan to establish a joint holding company on Oct. 1 next year, ...

Grisly Hong Kong murder sparks banker backlash

Nov 10, 2014

Grisly Hong Kong murder sparks banker backlash

The murder of two young Indonesian women in Hong Kong allegedly by a British expatriate has sparked a backlash against wealthy Western bankers accused of treating the financial hub as their own personal playground. The victims were found mutilated in 29-year-old Rurik Jutting’s upmarket ...