Editorials Aug 17, 2017
Regional banks' merger dilemma
Regional banks pursuing mergers to ensure their survival should also scrutinize their operations to find areas where they can improve their performances.
Business / Financial Markets Jun 30, 2017
Traders who left banks for hedge funds heading back to banks
Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays PLC hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase & Co., to turn around U.S. rates trading. At ...
Business | YEN FOR LIVING May 12, 2017
Japan waking up to the problems of sleeping cash
by Philip Brasor and Masako Tsubuku
In recent weeks there have been two well-reported robberies of people carrying large amounts of cash on the street. Thieves got away with ¥384 million after attacking a merchant in a Fukuoka parking lot. In Tokyo's Ginza district, a mugger managed to take ¥40 ...
Asia Pacific / Politics Feb 8, 2017
India to remove cash withdrawal limits
Limits on cash withdrawals will be removed entirely from March 13, India's central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. The Reserve Bank of India capped cash withdrawals after Prime Minister ...
Asia Pacific Sep 26, 2016
China probes North Korea bank suspected of nuclear link: report
China is investigating executives of a North Korean bank believed to finance the illicit procurement of arms and materials related to the isolated country's banned nuclear program, South Korea's JoongAng Daily reported on Monday. China and the United States have agreed to step up cooperation ...
Business / Corporate Jul 11, 2016
Standard Chartered establishes first brokerage in Japan with staff of 100
Standard Chartered Plc started its first brokerage business in Japan with 100 employees as institutional investors seek products from emerging markets in Asia, the Middle East and Africa for better returns. The U.K. bank will deploy 20 salesmen to meet with Japanese life insurers, brokerages, ...
Business / Corporate Nov 20, 2015
Convenience store giant Lawson eyes entering banking business
Lawson Inc. sets up a new lender with Bank of Tokyo-Mitsubishi UFJ as the convenience store chain prepares to make a foray into banking.
Commentary / Japan Sep 14, 2015
Japan Post IPO could provide much-needed jolt
by William Pesek
The Japan Post initial public offering could be just what the doctor ordered to enliven the country's stagnant banking sector.
World / Politics Jul 24, 2015
Republican-controlled Senate panel votes to lift Cuba travel ban, ease bank curbs
A Republican-controlled Senate panel has voted to lift a decades-long U.S. ban on travel to Cuba, giving a boost to President Barack Obama's moves to ease travel restrictions and open up relations with the Castro-governed nation. The Senate Appropriations Committee also voted to block enforcement ...
Business / Corporate Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
by Finbarr Flynn and Takako Taniguchi
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail. The pickings are slim. SMBC Nikko Securities Inc., the investment banking arm ...
Business / Economy Apr 20, 2015
Volcker says U.S. bank oversight ineffective, seeks overhaul
Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It says ...
Business Apr 7, 2015
World's foreign currency reserves falling after hitting peak of $12 trillion
The decade-long surge in foreign-currency reserves held by the world's central banks is coming to an end. Global reserves declined to $11.6 trillion in March from a record $12.03 trillion in August 2014, halting a five-fold increase that began in 2004, according to data compiled ...