Taisho Bank, Tomony Holdings mull integration

Apr 6, 2015

Taisho Bank, Tomony Holdings mull integration

Taisho Bank, a second-tier regional bank based in the city of Osaka, and Tomony Holdings Inc., which owns similar-size banks in the Shikoku region, are looking at integrating in spring 2016, sources said Monday. Relevant parties, including Mitsubishi UFJ Financial Group Inc. — Taisho ...

Mar 29, 2015

Brazil uncovers multibillion-dollar tax fraud

Dozens of Brazilian firms, including industrial companies and banks, are under investigation amid allegations they paid $5.9 billion in bribes to tax officials, police said Saturday. Brazil is already reeling from the biggest graft scandal the country has known, a $3.8 billion scam involving ...

Mar 29, 2015

Australia signs up to negotiations on Chinese-led bank

Australia announced on Sunday that it would join negotiations to establish a new a Chinese-led Asian regional bank that has emerged as a potential challenge to United States influence in a part of the world where the Obama administration has tried to forge stronger ...

Brazil will join China-backed Asian investment bank

Mar 28, 2015

Brazil will join China-backed Asian investment bank

Brazil said on Friday it had accepted China’s invitation to join its Asian Infrastructure Investment Bank as a founding member. “Brazil is very interested in participating in this initiative,” the office of President Dilma Rousseff said in a short statement. It said no conditions ...

Mar 26, 2015

Shinsei Bank's Kudo tapped to become next president

Shinsei Bank plans to promote Managing Executive Officer Hideyuki Kudo, 51, to president in June. The appointment will be formalized at a meeting of the bank’s board after the general shareholders’ meeting on June 17. Kudo will succeed Shigeki Toma, 66, who is slated ...

Mar 25, 2015

China says proposed Asian bank may have branches abroad

China says its proposed Asian bank might have regional offices in other countries in a new move to mollify concern it will be a Chinese political tool. A deputy finance minister, Shi Yaobin, said Wednesday on his ministry’s website the Asian Infrastructure Investment Bank ...