Newly confident Resona bullish on corporate loans

May 22, 2014

Newly confident Resona bullish on corporate loans

Resona Holdings Inc. is targeting a fivefold increase in corporate loans this year, signaling Japan’s fifth-biggest bank is confident that the economic recovery is strong enough to spur business spending. Resona plans to increase loans to companies by ¥300 billion in the year ending ...

Apr 3, 2014

Cash-rich firms spurn banks' offers

by Keiko Ujikane

Banks are the most keen to lend companies money in 17 years. Corporate treasurers don’t need the cash. The Bank of Japan’s “tankan” business confidence index released Tuesday showed that the prevalence of midsize companies saying banks are willing to lend to them rose ...

Feb 6, 2014

Nation's big banks beef up overseas presence with boosted lending

Japan’s big banks are increasing their presence abroad, mainly in Asia, by expanding overseas lending to meet brisk demand for funds. Profit margins from lending operations at home have narrowed due to prolonged ultralow interest rates, while relatively high earnings can be expected on ...

Nov 8, 2013

Mizuho shareholders file complaint over yakuza loans

Two shareholders of Mizuho Financial Group Inc. have filed a criminal complaint with investigative authorities against Mizuho Bank, claiming it intentionally made a false report to the Financial Services Agency in connection with loans to yakuza, their lawyers said. The two male shareholders in ...

Nov 5, 2013

FSA probes to learn if banks cut yakuza ties

The Financial Services Agency started its investigation Tuesday into the country’s three major banking groups, including scandal-hit Mizuho Financial Group Inc., focusing on measures to prevent ties to the underworld. The FSA will also examine if Mizuho deliberately submitted an incorrect report to the ...

Oct 12, 2013

Mizuho Bank faces more FSA penalties over yakuza loans

The Financial Services Agency will weigh additional penalties against Mizuho Bank after it explains later this month its failure to reveal executives’ involvement in loans to underworld groups, officials of the watchdog said. Mizuho, one of the nation’s biggest banks, may face criminal prosecution ...