Tag - banks

 
 

BANKS

Japan Times
BUSINESS
May 8, 2016
Saudi Arabia replaces oil minister, central banker as part of plan to reduce dependency on oil
Saudi Arabia's King Salman announced a government overhaul that saw the kingdom's top central banker and longtime oil minister replaced as part of sweeping economic changes led by his son to reduce the nation's reliance on hydrocarbons.
Japan Times
BUSINESS
Apr 25, 2016
Bangladesh Bank heist used compromised SWIFT software
The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.
WORLD / Crime & Legal
Apr 21, 2016
Iran bank must pay $2 billion to U.S. kin of 1983 Beirut bomb victims: Supreme Court
The U.S. Supreme Court on Wednesday ruled that almost $2 billion in frozen Iranian assets must be turned over to American families of people killed in the 1983 bombing of a U.S. Marine Corps barracks in Beirut and other attacks blamed on Iran.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS / Markets
Apr 14, 2016
Japan's biggest bank criticizes BOJ policy for fueling anxiety
The top executive of Japan's biggest bank delivered a rare criticism of the central bank on Thursday, saying its negative-interest-rate policy has contributed to anxiety among households and companies and prolonging it may weaken financial institutions.
BUSINESS / Economy
Apr 12, 2016
Negative rates failed to boost bank lending in March
Loan growth slowed to the weakest pace in three years in March, signaling the central bank's introduction of negative interest rates has yet to spur credit in the world's third-largest economy.
Japan Times
BUSINESS
Apr 9, 2016
High-flying Shanghai wealth management firm comes crashing back to earth
Zhongjin Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm's imposing branch office on Shanghai's historic Bund pulled in many eager investors seeking the double-digit returns it promised on short-term financing products. It had a big profile, sponsoring...
Japan Times
BUSINESS / Companies
Apr 6, 2016
MUFG's trust bank to boost assets administered overseas by 30%
Mitsubishi UFJ Financial Group Inc.'s trust banking arm plans to increase the assets it administers overseas for institutional investors by about 30 percent to $400 billion over the next two years to boost fee income, the unit's new president said.
BUSINESS / Companies
Apr 4, 2016
Bank of Tokyo-Mitsubishi eyes U.S. regional banks, new CEO says
Mitsubishi UFJ Financial Group Inc.'s main lending unit is eyeing further acquisitions in the U.S. and Asia as part of its long-standing aspirations to become one of the world's leading commercial banks, the unit's new president said.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Tech / ANALYSIS
Mar 31, 2016
When mobsters meet hackers — the new, improved bank heist
No need for stocking masks and sawn-off shotguns.
Japan Times
BUSINESS / Markets
Mar 22, 2016
ECB, BOJ using rates to push down currencies, King says
The European Central Bank and the Bank of Japan are trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Gov. Mervyn King said.
BUSINESS / Economy
Mar 21, 2016
China sought urgent advice from Fed to deal with 2015 market plunge
China's central bank last year asked the U.S. Federal Reserve to share its playbook for dealing with Wall Street's 1987 crash, emails show.
Japan Times
WORLD
Mar 19, 2016
Bangladesh seeks FBI's help in investigating central bank heist
Bangladesh has formally sought assistance from the U.S. Federal Bureau of Investigation to track down the cyber crooks who stole $81 million from its central bank's U.S. account, the interior minister said on Saturday.
Japan Times
BUSINESS
Mar 3, 2016
Margin-starved Japanese banks following carmakers to Mexico
In a quest to reduce their reliance on one of the world's least profitable banking markets, Japanese lenders are setting their sights on a much more lucrative one: Mexico.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.