U.S. charges Turkish bank with evading sanctions against Iran

World Oct 16, 2019

U.S. charges Turkish bank with evading sanctions against Iran

The United States criminally charged a major Turkish bank with helping to evade sanctions against Iran, potentially raising diplomatic tensions as the U.S. tries to contain Turkey's military offensive in Syria. The charges against Halkbank, a state-owned bank, were announced Tuesday, years after a wealthy ...

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 ...

Regulatory problems have choked China's P2P lending industry

Business Sep 6, 2019

Regulatory problems have choked China's P2P lending industry

Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy. The resulting difficulties, as the industry tries to grapple with pyramid-scheme scandals ...