Business / Corporate Sep 24, 2020
Mizuho to shrink New York and London offices following remote work success
Contrary to other financial institutions, the mega-bank says productivity hasn’t suffered while employees have been working remotely.
Taiga Uranaka
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Business / Economy Sep 10, 2020
Bank of Japan coronavirus loans may ensure ‘zombie’ firms limp on
The total lent so far is already more than four times the amount deployed from January 2009 to support firms during the global financial crisis.
Business Jul 14, 2020
Grab deal just the start of MUFG's focus on technology investment, says CEO
Hironori Kamezawa, 58, say the digital shift has picked up pace in the wake of the novel coronavirus pandemic.
Business / Corporate Jul 8, 2020
Banks with ‘shattered’ business models warned by Japan to adapt
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
Business / Financial Markets Jun 12, 2020
Bank of Japan’s aid to lenders hasn't warmed them to negative rates
For the country’s commercial banks, the BOJ’s sub-zero rates strategy aimed at stimulating the economy and prices has eroded their profit margins.
Business / Corporate Jun 11, 2020
Mizuho to deploy billions in riskier funding to help Japan's firms with virus fallout
The bank is in talks with corporate clients to provide financing via subordinated loans and purchases of preferred shares totaling more than ¥100 billion.
Business / Corporate Jun 8, 2020
Analysts see pandemic accelerating pace of mergers in Japan
Transactions here and elsewhere in the Asia-Pacific will pick up before the U.S. and Europe do, experts say.
Corporate Apr 27, 2020
Bailouts and delistings loom for Japan’s beleaguered regional banks
Coronavirus crisis expected to cause bad loans to climb and investment income to evaporate
Business / Financial Markets Feb 10, 2020
Japanese asset manager awaits flood of money from regional banks
Japanese financial conglomerate SBI Holdings Inc. anticipates a flood of money from yield-starved regional banks that need help reinvesting cash after redeeming government bonds. A year-old SBI unit that invests on behalf of local banks should see assets at least doubling to ¥300 billion ($2.7 ...
Business Jan 27, 2020
Japanese banks' fortress mentality puts them on trailing edge of fintech revolution
Japan's effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account ...