Business Nov 4, 2019

Japan to make it easier for troubled banks to get capital boost

The Financial Services Agency has decided to make it easier for regional banks with solid financial standing to put money into their struggling peers, introducing a special measure under which their capital-to-asset ratios will not be reduced, according to officials. The measure is likely to ...

Business / Corporate Oct 24, 2019

Resona group banks launch Kansai revitalization team

Four banks in the Resona Holdings Inc. group have set up a project to expand business relations with small companies and revitalize the local economy in the Kansai region, Resona Bank Vice President Hajime Kosaka said in a recent interview. The project will be run ...

SoftBank eyes WeWork rescue valuation below $8 billion

Business / Corporate Oct 19, 2019

SoftBank eyes WeWork rescue valuation below $8 billion

SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions. The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January. ...

Mizuho Bank increases risky credit in competitive market

Business Oct 16, 2019

Mizuho Bank increases risky credit in competitive market

Mizuho Financial Group Inc. is extending riskier types of corporate credit to fend off competition in a country that's awash with easy money. Japan's third-largest bank by market value will offer companies more subordinated loans and other types of mezzanine finance, said Koji Fujiwara, CEO ...