Japan's biggest banks to launch 24-hour money transfers

Jul 4, 2016

Japan's biggest banks to launch 24-hour money transfers

Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank are planning to start allowing immediate money transfer services 24 hours a day. Sumitomo Mitsui said Monday it will start offering money transfer services between its accounts 24 hours a day, 365 days ...

Dec 28, 2015

Bank of Mitsubishi-Tokyo UFJ to slash mortgage rate

Bank of Tokyo-Mitsubishi UFJ Ltd. plans to slash its lowest mortgage floating interest rate to 0.625 percent per annum from 0.775 percent as of Jan. 4. It will be the bank’s first reduction since August 2013 and will match the rate offered by Sumitomo ...

Apr 23, 2015

Sharp's ¥200 billion bailout approved by Mizuho, BTMU

Sharp Corp. has effectively been given the green light to receive ¥200 billion ($1.7 billion) in financial support from its two main creditor banks on condition it engages in more drastic restructuring, sources close to the matter said Thursday. Mizuho Bank and the Bank ...

Tokyo-Mitsubishi UFJ to team up with Mexican government bank

Jul 28, 2014

Tokyo-Mitsubishi UFJ to team up with Mexican government bank

Bank of Tokyo-Mitsubishi UFJ said Monday it has concluded a long-term deal to procure the Mexican peso with a government-affiliated lender in Mexico. Through the agreement with Banco Nacional de Comercio Exterior S.N.C., or Bancomext, the local unit of BTMU will lend pesos to ...

Feb 24, 2014

BTMU loses data on dormant deposit accounts

Bank of Tokyo-Mitsubishi UFJ said Monday it has lost internal data on some 22,000 bank accounts that have not had money deposited or withdrawn in 10 years. The data include the depositors’ names, account numbers and balances. Customers can still withdraw money from the ...

Oct 29, 2013

Japan to probe mega-banks after mob loan scandal

The Financial Services Agency said it will probe Japan’s three biggest banks following the loans-to-mobsters scandal that has raised questions about corporate links with organized crime. The watchdog will look at Mizuho Bank’s business dealings as well as Bank of Tokyo-Mitsubishi UFJ and Sumitomo ...