Apr 20, 2015

Sumitomo Mitsui Banking to invest in Colombia State Bank

Sumitomo Mitsui Banking Corp. said Monday that it will acquire a stake of 8.84 percent in Colombian state-run development bank Financiera de Desarrollo Nacional SA, or FDN. The mega-bank signed a contract for the FDN equity purchase with the International Finance Corp. With the ...

Apr 17, 2015

Aso says AIIB would benefit from partnership with other lenders

The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso. Aso and U.S. Treasury Secretary Jack Lew held talks ...

Apr 17, 2015

Emerging economies hail new China-led investment bank

A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank. In a statement they said they “look forward” to the creation of the AIIB. The statement followed a meeting on the sidelines of the biannual IMF-World ...

Customer service robot debuts at Tokyo-Mitsubishi UFJ

Apr 14, 2015

Customer service robot debuts at Tokyo-Mitsubishi UFJ

Bank of Tokyo-Mitsubishi UFJ took a first step toward employing nonhuman staff on Monday, with the introduction of a customer service humanoid robot at its flagship Tokyo outlet. Standing 58 cm tall and weighing 5.4 kg, the Nao robot will work at reception until ...

Apr 12, 2015

China-led AIIB will be lean, clean and green, its chief says

The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution. The $50 billion bank, expected to start operations by the end of the year, is attracting a ...

Apr 10, 2015

AIIB on agenda of Japan-U.S. summit

Japan and the United States plan to reaffirm the need to ensure fair governance and transparent management in a China-led regional development bank during summit talks between their leaders in Washington later this month, diplomatic sources said. The two allies, in coordinating their positions ...

Apr 8, 2015

Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion

Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC’s Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, ...

Taisho Bank, Tomony Holdings mull integration

Apr 6, 2015

Taisho Bank, Tomony Holdings mull integration

Taisho Bank, a second-tier regional bank based in the city of Osaka, and Tomony Holdings Inc., which owns similar-size banks in the Shikoku region, are looking at integrating in spring 2016, sources said Monday. Relevant parties, including Mitsubishi UFJ Financial Group Inc. — Taisho ...