Apple and Goldman Sachs roll out virtual credit card

Business / Corporate Aug 9, 2019

Apple and Goldman Sachs roll out virtual credit card

Apple Inc. and Goldman Sachs Group Inc. rolled out a virtual credit card on Tuesday, which will help the iPhone-maker diversify from device sales and also build out the Wall Street bank's new consumer business. With the card, Apple aims to draw in iPhone owners ...

Banks to extend support for struggling Japan Display

Business / Corporate Jul 23, 2019

Banks to extend support for struggling Japan Display

Three main credit banks for Japan Display Inc. are poised to continue supporting the struggling maker of small and midsize liquid crystal display panels, it was learned Monday. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank Ltd. will extend their commitment ...

Negative rates hit pocketbooks of Japan's bankers

Business / Economy Jul 23, 2019

Negative rates hit pocketbooks of Japan's bankers

It's not just banks that are feeling the squeeze from the Bank of Japan's negative interest rates, their employees are too. The latest data compiled by Tokyo Shoko Research, a private firm, shows that average wages in the construction industry are now 16 percent higher ...