Trump launches his attack on restraints on banks

Feb 4, 2017

Trump launches his attack on restraints on banks

President Donald Trump launched his long-promised attack Friday on banking rules that were rushed into law after the 2008 economic crisis, signing orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him ...

Trust banks plan ¥1 billion lawsuit against Toshiba

Jan 30, 2017

Trust banks plan ¥1 billion lawsuit against Toshiba

Mitsubishi UFJ Trust and Banking Corp. and an affiliated trust bank plan to sue scandal-ridden Toshiba Corp. for ¥1 billion over losses incurred from a major accounting scandal that sent its share price plummeting, a source close to the matter said Monday. The potential ...

Jan 25, 2017

Three Europeans jailed in Taiwan over ATM heist

Three eastern Europeans believed part of an international crime ring were jailed for five years in Taiwan Wednesday over a $2.6 million cyberheist that used malware to hack into a major local bank’s ATM network. The attack, the first of its kind in Taiwan, ...

Jan 18, 2017

Mizuho, Sumitomo Mitsui Trust eye merging asset management banking arms

Mizuho Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are discussing integrating their asset management banking businesses, sources said Wednesday. The integration across their traditional keiretsu groupings is aimed at boosting the scale of the business to curb costs and implement streamlining at ...

Dec 9, 2016

ECB's asset tapering move hints at stimulus exit plan

The European Central Bank decided Thursday to extend its asset purchase program by nine months to the end of 2017 to boost tepid price growth, but pledged to reduce the monthly pace of buying from April. The ECB said it will continue asset purchases ...

Italian banks' recapitalization plans in turmoil as Renzi bows out

Dec 6, 2016

Italian banks' recapitalization plans in turmoil as Renzi bows out

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi’s resignation would threaten their recapitalization plans. Concern focused on Italy’s third-biggest bank, Monte dei Paschi di Siena (BMPS), which analysts said is one of ...