JBIC investment and loans in Asia saw big rise in fiscal 2016

May 30, 2017

JBIC investment and loans in Asia saw big rise in fiscal 2016

The government-linked Japan Bank for International Cooperation made ¥840 billion in investment and loans in the rest of Asia in fiscal 2016, up 2.5-fold from the previous year, according to sources. The figure for the year through March was a record high for the ...

'Tokyo' may be dropped from name of Japan's top bank

/ May 15, 2017

'Tokyo' may be dropped from name of Japan's top bank

Bank of Tokyo-Mitsubishi UFJ is considering dropping “Tokyo” from its name amid complaints from customers that it is too long, sources said Sunday. The core unit of Japanese industry leader Mitsubishi UFJ Financial Group Inc. is likely to be renamed MUFG Bank as early ...

/ May 13, 2017

Abe's team sends mixed signals on joining China-led AIIB

The idea of Japan joining the China-led Asian Infrastructure Investment Bank is finding renewed enthusiasm within the administration of Prime Minister Shinzo Abe, sources have said. The idea has advocates within the Prime Minister’s Office and the trade ministry, and is backed by Toshihiro ...

Apr 15, 2017

Hackers release files indicating NSA monitored global bank transfers

Hackers on Friday released documents and files that indicate the U.S. National Security Agency accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks. The release included computer code that could be adapted by ...