Jan 22, 2015

Demand for corporate loans up for first time in a year

Demand for bank loans among companies rose for the first time in a year, a quarterly Bank of Japan survey revealed on Thursday. According to the January survey, the diffusion index on banks’ views about how domestic corporate loan demand changed over the past ...

Jan 22, 2015

Mitsubishi UFJ said to have held talks to acquire DZ Bank's DVB

Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, held talks with DVB Bank SE about a possible takeover of the German shipping and aviation lender, sources said. Negotiations over the potential acquisition of the Frankfurt-based bank, which is majority owned by cooperative lender ...

Dec 31, 2014

Gunmen rob two banks in east Yemen in coordinated raids

Gunmen raided two banks in the port town of al-Shahr in Yemen’s eastern Hadramout province and stole about 52 million riyals ($240,000) on Tuesday, the defense ministry’s news website said. Security is poor in Hadramout, a province awash with arms where tribal structures prevail. ...

Dec 27, 2014

Falling oil prices pushing Russia toward recession

Slumping oil prices have put Russia’s economy on course for a sharp recession next year, Finance Minister Anton Siluanov said Friday, as authorities scaled up their bailout for the first bank to succumb to the recent ruble crisis. The economy is slowing sharply as ...

Dec 24, 2014

DBJ privatization delayed again in bid to underpin growth

The government will delay privatization of the Development Bank of Japan in an attempt to sustain the country’s flagging economy, according to sources close to the matter. The postponement, the third in eight years, highlights the government’s intention to keep providing money to riskier, ...

Dec 22, 2014

'Furikome' transfer scam crackdown yielding results in Kyushu

In a joint effort to fight rampant “furikome” bank transfer scams targeting elderly people, the police, financial institutions and the Finance Ministry’s branch in Fukuoka Prefecture have launched a system in which institutions alert the police each time a person aged 65 or older ...

Dec 8, 2014

Lending data bucks recession with help from yen

Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession. Loans, excluding lending by local “shinkin” credit banks that serve consumers and ...