NEWSWORTHY
Demand for mobile banks, or vehicles offering an ATM, as well as over-the-counter and other financial services, is growing in Japan following a recent series of natural disasters, while high introduction costs are a challenge to their implementation. The vehicles are increasingly important in order ...
Suruga Bank is suing its former management team, claiming they overlooked lending irregularities and caused losses at the regional bank. In the lawsuit filed Monday with Shizuoka District Court, Suruga Bank called for the team to pay a total of ¥3.5 billion in damages. The amount ...
MUFG Bank and Sumitomo Mitsui Banking to share ATMs, seeking lower costs amid decline in users
Two mega-banks plan to share their respective ATMs, from the first half of next year at the earliest, to cut costs as users decrease due to the spread of online banking, sources close to the matter said Wednesday. Under the plan, users with accounts at ...
Uncertainty over, U.S. stocks rise after election yields split Congress
Wall Street's post-election bounce grew on Tuesday afternoon as U.S. stocks continued to gain ground in late afternoon trading. The benchmark Dow Jones Industrial Average and broader S&P 500 each added about 2 percent to 26,165.88 and 2,811.01, respectively, near 2040 GMT, rallying in the ...
Japanese government mulling unified QR codes for transport fares
The industry ministry is discussing introducing unified Quick Response, or QR, code standards for cashless fee payments for local train, bus and other transportation services, sources said. Such standards would allow users to pay fares for public transport run by various operators, all by smartphone. ...
China urges investor calm while stopping short of market rescue
China's top financial officials moved to shore up confidence in the country's tumbling stock market, a rare show of coordinated verbal support as the government tries to prevent the deepest equity sell-off since 2015 from infecting the world's second-largest economy. The statements from heads of ...
Mizuho to hire hospitality and media veterans as it expands corporate access services in Japan
Flight attendants and television producers seeking a career change might want to look up Japan's third-biggest bank. Mizuho Financial Group Inc. wants hospitality and media veterans who can woo investors and company executives with their strong communications and social skills, said Yuki Maeda, head of ...
North Korea hackers tried to get $1.1 billion in global bank attacks: FireEye
A North Korean hacking group has tried to steal at least $1.1 billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye Inc. The hackers, which FireEye identified as APT38, have infiltrated more than 16 organizations ...
China slashes banks' reserve requirements as trade war with U.S. imperils growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United ...
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.
