Sep 12, 2014

Megabanks bid for Citigroup's retail operation

An auction to sell Citigroup Inc.’s consumer banking business in Japan apparently attracted around six domestic lenders, including the three largest banks, sources close to the matter said Friday. Citibank Japan Ltd. will continue the bidding process and is expected to complete the transaction ...

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...

Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...

Aug 4, 2014

Big U.S. banks shedding star financiers and traders

Crippled by lawsuits linked to the 2007-2008 financial crisis, American banks are grappling with an exodus of their best bankers and traders, lured by the huge salaries of little-regulated hedge funds. Michael Cavanagh, 48, was the favorite to succeed Jamie Dimon at the head ...

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 ...