NEWSWORTHY
The Financial Services Agency plans to check if Japan's banks and other financial institutions are prepared to deal with any impact from sharp swings in emerging markets, sources with direct knowledge of the matter said Wednesday. This readiness is expected to be a key part ...
A regional bank's unusually strong performance was propped up by dubious lending practices.
Cash ban may have driven Indians away from banks
The chaos of demonetization probably made millions leery of formal finance.
The upheaval in Japan's demographics is causing a shake-up in the regional banking sector, requiring wise oversight by regulators.
Japan's Fair Trade Commission approves bank integration in Nagasaki after lengthy review
The Fair Trade Commission said Friday that it has approved a business integration plan involving regional banks in Nagasaki Prefecture. Those planning the integration are Fukuoka Financial Group Inc., the parent of Sasebo-based Shinwa Bank, and Eighteenth Bank Ltd., based in the city of Nagasaki. The ...
Mizuho's new leader Tatsufumi Sakai gears up to reform struggling mega-bank
When Tatsufumi Sakai was named chief executive and president of Mizuho Financial Group this year, many bankers and investors were surprised. The low-key book lover represented a sharp contrast with Yasuhiro Sato, his bold, charismatic predecessor, who was vocal about his ambitions for Japan's second-largest ...
Japan's FTC mulls approval of precedent-setting merger of Nagasaki regional banks
The Fair Trade Commission is considering approving a long-discussed merger plan involving regional banks in Nagasaki Prefecture, according to informed sources. The plan involves Fukuoka Financial Group Inc., the parent of Sasebo-based Shinwa Bank, and Eighteenth Bank, based in the city of Nagasaki. In a proposal ...
Japan offers clue for British banks' future in Europe after Brexit, U.K. says
The U.K. now sees its banks having a similar relationship with the European Union after leaving the bloc as Japanese ones do. The latest U.K. paper published Monday confirms the government wants a form of "equivalence" on financial services — where the EU recognizes that ...
Higashi-Nippon Bank's chairman to resign over lending scandal
Higashi-Nippon Bank announced Friday that Chairman Michito Ishii will step down at the end of the month over its involvement in improper lending practices. Many improper loans were extended between 2015 and 2017, when Ishii, 66, was president of the regional bank. Ishii, a former commissioner ...
Russia tells Washington curbs on its banks would be act of economic war
Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions. The warning, from ...
Convenience store chain Lawson Inc. said Friday it will launch a banking business in October using its existing network of more than 13,000 automated teller machines nationwide. Its subsidiary Lawson Bank earned a license to start the business from the Financial Services Agency the same ...
Russia and China on Thursday blocked a U.S. request to add a Russian bank to a U.N. sanctions blacklist along with a North Korean official and two entities, diplomats said. The United States last week asked a U.N. sanctions committee to slap an assets freeze ...
