Green push ending 150-year tradition of bank passbooks in Japan
The country’s largest bank will soon require new clients to pay ¥550 a year for a passbook in a bid to encourage them to embrace digital services.
World’s worst-performing bank lent billions to China Evergrande
Battered by mounting losses on loans to developers including China Evergrande Group, China Minsheng Banking Corp. saw their stocks tumble 31% in the 12 months through last week.
Mizuho Financial to name Masahiro Kihara as group CEO as troubles plague bank
The appointment of Kihara, set to be decided at a board meeting next week, came as customers were again hit by troubles using the bank's online services Tuesday.
Bad news for London and New York: Finance hubs are becoming obsolete
COVID-19 has shown just how little location now matters for many jobs and businesses in finance and gave executives confidence that more operations could be managed remotely.
London’s fintech boom opens the door for dirty money
A fast-growing breed of startups present themselves as alternatives to old-fashioned banking, but critics say they're an easy conduit for financial crime.
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.
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.
SBI's Yoshitaka Kitao 'totally agrees' with suggested delisting of Shinsei Bank
Having secured effective control of the bank, Kitao could delist it in order to pay back funds Shinsei has owed taxpayers since a 1998 bailout.
Cash is dying, but we aren’t ready to bury it
As cash vanishes — without a central bank digital currency replacing it — the public’s trust in the convertibility of deposits into official money may become an issue.
HSBC says clients must have plan to exit coal by end of 2023
Built on earlier promises to phase out coal, the policy would stay in line with the science of climate change and be reviewed annually.
Bank of America’s top female banker in Japan emphasizes ESG
The executive is urging female colleagues to take on new challenges as she forges a path in sustainable finance.
