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 15, 2014

Number of female execs in banking industry increasing

Female executives are increasing in the nation’s banking industry even as Prime Minister Shinzo Abe is calling for better utilization of women in the workforce as part of the government’s growth strategy measures. “Diverse human resources hold the key to sustained corporate growth,” says ...

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 ...

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 ...

Jun 4, 2013

SMBC cuts three-year home loan rate to 0.6%

Sumitomo Mitsui Banking Corp. has cut the most preferential interest rate on its three-year fixed-rate housing loans to be contracted in June by 0.9 percentage point to 0.6 percent. The new rate took effect Monday. The unit of Sumitomo Mitsui Financial Group Inc. is ...