Megabanks break glass ceiling for foreign managers

| Aug 28, 2014

Megabanks break glass ceiling for foreign managers

by Monami Yui

Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.’s headquarters, where ...

Jul 3, 2014

Japanese banks trail peers on dividend payouts

Japan’s biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. paid ...

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 ...

Feb 4, 2014

Banks' record earnings mask actual profit prospects

The nation’s biggest banks, poised to achieve record annual earnings after last year’s stock market surge, may still disappoint investors as the equity rally fades, leaving them reliant on a lending recovery for profit. Net income at Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui ...

Mitsubishi UFJ, Mizuho bump up profit goals

Nov 15, 2013

Mitsubishi UFJ, Mizuho bump up profit goals

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. raised their full-year profit goals after the economic revival spurred lending and an equity rally boosted fees and the value of their shareholdings. Net income at Mitsubishi UFJ will probably total ¥910 billion in ...

Jul 3, 2013

MUFG seeks Ayudhya deal in July

Mitsubishi UFJ Financial Group Inc. is seeking to strike a deal for control of Thailand’s Bank of Ayudhya Pcl as soon as this month, two sources said. Japan’s biggest bank plans to acquire about half of Bank of Ayudhya through a tender offer to ...