Mitsubishi UFJ Financial Group Inc. will launch a financial technologies unit Oct. 1 in collaboration with 32 regional banks nationwide. MUFG will put up ¥3 billion in capital to start Japan Digital Design Inc., which is expected to develop new services including those for cashless ...
The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore. Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe ...
The nation's financial services regulator is expected to open a special investigation into the banking industry's card loan business this month in response to criticism that increased lending is contributing to a rise in personal bankruptcies, sources said. The Financial Services Agency will look into ...
The failure of U.N. sanctions to even slow North Korea's nuclear missile program has many in Washington pushing for unilateral U.S. action against the finance houses doing business with Pyongyang — a move that would set up a confrontation with China. World powers maintained a ...
The U.S. government is turning the screws on companies that do business with North Korea in violation of U.N. sanctions but has stopped short of taking the more aggressive — and riskier — move of targeting Chinese banks that facilitate Pyongyang's trade in arms ...
U.S. President Donald Trump has invited Malaysian Prime Minister Najib Razak to Washington, officials said Thursday, despite a Justice Department investigation into a major corruption scandal that has ensnared the leader. A White House statement said that Trump will welcome Najib to Washington on Sept. ...
The Japan Financial Services Association urges consumer lenders that guarantee unsecured loans on bank cards to implement stricter approval measures in order to prevent clients from taking on excessive debt, according to sources on Monday. The move by Japan's nonbank lending industry group comes amid ...
An increasing number of regional banks in Japan are introducing automated teller machines mounted on vehicles to cater mainly to elderly people living in remote areas with no bank-run ATMs. Shimane Shinkin Bank in Shimane Prefecture plans to introduce an ATM van as early as ...
Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter. The New York-based firm will officially move the location of its main Japan office ...
Andrew Mitola had never heard of Mitsubishi UFJ Financial Group Inc. until he met recruiters for the bank during his junior year of college. Now the New Jersey native is among the first to join Japan's biggest lender under an overseas graduate hiring program it ...
The Trump administration appears to be granting Chinese banks dealing with North Korea a temporary reprieve from threatened U.S. sanctions to give Beijing time to show it is serious about enforcing new U.N. steps against Pyongyang, U.S. officials said. The White House has also held ...
Fukuoka Financial Group Inc. and Eighteenth Bank will put off their planned business integration indefinitely because of a protracted antitrust review, informed sources said Friday. The lenders broadly agreed on the business integration in February 2016 to deal with a business environment marked by local ...
