Business / Corporate Jan 17, 2022

Mizuho’s new CEO faces legacy issues from decades-old merger

Mizuho Financial Group is tapping a relatively young career insider to turn around the bank that’s been plagued by a series of technical disruptions.

Business / Corporate Dec 24, 2021

Mitsubishi UFJ targets Asia unicorns with debt-finance fund

Japan’s largest lender will start a ¥34 billion fund early next year after upsizing its first joint-venture fund earlier this year.

Business / Corporate Dec 23, 2021

Sumitomo Mitsui CEO Jun Ohta still looking for more acquisition targets

The head of Japan’s second-largest lender is seeking to broaden services across Asia, acquiring commercial banks and consumer-finance companies.

Business / Financial Markets | FOCUS Dec 13, 2021

As Japan's finance sector ends painful year, ex-Nomura banker vows to bring change

By taking effective control of Shinsei Bank Ltd., Yoshitaka Kitao is setting his sights on creating a banking alliance to rival the conservative old guard.

Business / Corporate | FOCUS Nov 25, 2021

Japanese financier scores big win in battle for Shinsei Bank

Shinsei Bank canceled a shareholder vote on a poison pill defense against a takeover bid from Yoshitaka Kitao’s SBI Holdings that was scheduled for Thursday.

Business / Corporate Nov 24, 2021

Shinsei Bank drops poison pill defense in SBI takeover saga

A takeover fight erupted for Shinsei in September when Japan’s biggest online brokerage launched a rare unsolicited tender offer to increase its stake in Shinsei.

Business / Corporate Nov 10, 2021

Shinsei board member says the bank needs to improve performance

Shinsei has moved to defend itself from an SBI takeover bid, saying it would introduce a strategy designed to dilute the suitor’s stake.

Business Oct 1, 2021

Japanese banks’ desperate hunt for yield draws more scrutiny

Regulatory officials in Japan are treading a fine line between supporting an environment where financial firms seek out higher returns, while guarding against excessive risk taking.

Business / Corporate | FOCUS Sep 17, 2021

The rationale behind SBI's targeting of Shinsei Bank

CEO Yoshitaka Kitao sees the acquisition of the bank as key to expanding his sprawling businesses.

Business / Corporate Aug 20, 2021

Mizuho Bank’s fifth outage draws government criticism

All 460 Mizuho Bank branches nationwide were not able to process transactions for about an hour on Friday morning due to an IT hardware failure the previous night.