The Japan Financial Services Association urges consumer lenders that guarantee unsecured loans on bank cards to implement stricter approval measures in order to prevent clients from taking on excessive debt, according to sources on Monday. The move by Japan's nonbank lending industry group comes amid ...
An increasing number of regional banks in Japan are introducing automated teller machines mounted on vehicles to cater mainly to elderly people living in remote areas with no bank-run ATMs. Shimane Shinkin Bank in Shimane Prefecture plans to introduce an ATM van as early as ...
Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter. The New York-based firm will officially move the location of its main Japan office ...
Andrew Mitola had never heard of Mitsubishi UFJ Financial Group Inc. until he met recruiters for the bank during his junior year of college. Now the New Jersey native is among the first to join Japan's biggest lender under an overseas graduate hiring program it ...
The Trump administration appears to be granting Chinese banks dealing with North Korea a temporary reprieve from threatened U.S. sanctions to give Beijing time to show it is serious about enforcing new U.N. steps against Pyongyang, U.S. officials said. The White House has also held ...
Fukuoka Financial Group Inc. and Eighteenth Bank will put off their planned business integration indefinitely because of a protracted antitrust review, informed sources said Friday. The lenders broadly agreed on the business integration in February 2016 to deal with a business environment marked by local ...
Mitsubishi UFJ Financial Group Inc. is expanding its U.S. investment banking unit to look more like its bigger Wall Street rivals. The firm is pushing into areas of lending now dominated by rivals such as Wells Fargo & Co. and JPMorgan Chase & Co., Jon ...
Hiroshi Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious. The two golfing buddies run Mie Bank Ltd. and Daisan Bank Ltd., two of Japan's roughly ...
U.S. President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen for a second term next year, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the ...
The Trump administration hardened its approach to China on Thursday, blacklisting a small Chinese bank over dealings with North Korea while approving more than $1 billion in military sales to Taiwan. The twin moves, both expected to infuriate Beijing, came just days after President Donald ...
As the European ban on bundling research with brokerage services looms, Nomura Holdings Inc. has proposed that clients pay as much as 120,000 euros (about ¥15 million) a year to access their favorite analysts. That's what Nomura quoted in April for an all-inclusive "premium offering," ...
Japanese banks have more than doubled their borrowing and lending in dollars since 2007, leaving them vulnerable to funding shocks such as those that exacerbated the last financial crisis, according to the Bank for International Settlements. Assets denominated in dollars on the balance sheets of ...
