Jul 22, 2014

FSA to boost bank, insurer oversight

The Financial Services Agency plans to integrate its inspection and supervisory policies to strengthen its oversight of banks, insurance firms and other financial institutions, according to informed sources. The agency will disclose the new policy by September, the sources said Monday. FSA officials in ...

Jun 4, 2013

SMBC cuts three-year home loan rate to 0.6%

Sumitomo Mitsui Banking Corp. has cut the most preferential interest rate on its three-year fixed-rate housing loans to be contracted in June by 0.9 percentage point to 0.6 percent. The new rate took effect Monday. The unit of Sumitomo Mitsui Financial Group Inc. is ...

May 20, 2013

N.Z. bank may raise interest rates

Rising house prices in New Zealand will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said Sunday. “These households heading into quite high debt to buy highly priced houses need to be aware at some stage the ...