Tag - banks

 
 

BANKS

Mizuho's bid to acquire a majority stake in India's Avendus Capital faces hurdles over valuation and the right exit option for KKR portfolio company, sources say.
BUSINESS / Companies
Sep 4, 2025
Mizuho’s India deal with Avendus said to stall on valuation
Mizuho was on the verge of buying a majority stake in Avendus in what would be the latest acquisition by a Japanese bank in India.
The new commercial real estate team fills a gap in Nomura’s securitized products and private credit unit, said Gordon Sweely, the group’s global head.
BUSINESS / Companies
Sep 4, 2025
Nomura builds commercial real estate platform with senior hires from Barclays
The new commercial real estate team fills a long-standing gap in Nomura’s securitized products and private credit unit.
Hiroshi Okada of the Financial Services Agency
BUSINESS / Companies
Sep 3, 2025
FSA urges rural banks to help companies get equity funding
The FSA is working to draw up a package of policy measures to expand regional banks’ roles in supporting economies hit by adverse demographic shifts.
Stefanie Drews, CEO of Amova Asset Management, speaks at an event in Tokyo on Monday.
BUSINESS / Companies
Sep 2, 2025
‘Nikko’ cut from new name of $260 billion Japanese fund manager
Nikko Asset Management is changing its name to Amova Asset Management.
Japan Post Bank plans to introduce DCJPY as a yen-backed digital currency.
BUSINESS / Companies
Sep 2, 2025
Japan Post Bank to issue yen deposit-backed digital currency in fiscal 2026
The currency will allow instant settlement for digital purchases and be subject to deposit insurance protection.
Mizuho Financial Group plans to deepen ties between its banking and securities units in Asia and Europe in order to boost revenues, according to Yutaka Nanjo, head of global investment banking at Mizuho Securities.
BUSINESS / Companies
Sep 2, 2025
Mizuho plans more dealmaking to become top Asia investment bank
Japan’s third-largest financial group is seeking to replicate the headways it has made in the U.S., where it far outranks its Japanese peers.
A building which houses the Hokuhoku Financial Group headquarters in Toyama.
BUSINESS / Markets
Aug 30, 2025
Best-performing Japan bank plays BOJ outlook with short debt
The president of Hokuhoku Financial Group said he expects the Bank of Japan to raise interest rates in October or December if "things go smoothly.”
A Citibank branch in Tokyo. Amid a talent war, the New York-based lender tried to convince a senior executive of equity distribution in Tokyo and his junior colleague to stay after they tendered resignations.
BUSINESS
Aug 29, 2025
Citigroup asks two Japan bankers to rethink leaving in talent war
The negotiations highlight the challenges facing global and local financial firms in Japan to retain top staff and attract newcomers.
A former MUFG Bank employee said in a court hearing that she committed thefts to make up for losses she had suffered from foreign exchange margin trading and horse-race betting.
JAPAN / Crime & Legal
Aug 26, 2025
Ex-MUFG Bank employee reveals ¥1.7 billion safe-deposit thefts
A former MUFG Bank employee said during a court hearing on Monday that she stole items worth ¥1.7 billion to ¥1.8 billion, including cash and gold, from around 100 people, in a high-profile safe-deposit theft case.
Four leading Japanese life insurance companies will stop sending employees on loan to agents and banks for insurance sales, following recent scandals involving these workers, sources revealed on Monday.
JAPAN
Aug 26, 2025
Japanese life insurers to stop transferring workers on loan
The move follows a series of scandals in which employees sent to sales agents leaked rival insurers' customer information.
(Left) Bank of England Gov. Andrew Bailey, European Central Bank President Christine Lagarde (second from left), Bank of Japan Gov. Kazuo Ueda (third from left) and U.S. Federal Reserve Chairman Jerome Powell pose for a picture during the Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Markets
Aug 25, 2025
Central bankers fear being caught in Federal Reserve's storm
Politically motivated attacks on the Fed could spill over to the rest of the world.
A BNP Paribas branch in Paris. The EU’s biggest bank by assets was questioning the value of continued Net-Zero Banking Alliance membership as recently as June.
BUSINESS
Aug 16, 2025
Banking’s ailing climate coalition loses ground in Europe
Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union.
David Solomon, CEO of Goldman Sachs, speaks during a summit in Sydney in March.
BUSINESS / Markets / ANALYSIS
Aug 15, 2025
Trump's attack on Goldman could prompt watering down of Wall Street's independent analysis
The reams of research that banks such as Goldman produce are used by institutional investors, such as hedge funds and asset managers, in deciding how to allocate capital.
Rakuten Bank CEO Tomotaka Torin is interviewed in Tokyo last week.
BUSINESS / Companies
Aug 14, 2025
Rakuten Bank to refrain from JGB buying as more rate hikes seen
"We’re not going for any aggressive buying of JGBs until we’ve seen at least another rate hike or two,” CEO Tomotaka Torin said in an interview.
Mitsubishi UFJ Financial Group is looking to expand its presence in the market for debt swaps as a way for emerging countries to alleviate their debt burdens and put savings toward sustainable goals.
BUSINESS / Companies
Aug 13, 2025
MUFG in talks to arrange new debt swaps after $465 million deal
Japan’s biggest bank is looking to expand its presence in the market for debt swaps after helping to wrap up a deal for Cote d'Ivoire in December.
Emily Badger, a co-manager of the Man Japan CoreAlpha Fund
BUSINESS / Companies
Aug 13, 2025
Man Group’s Japan fund buying bank stocks in bet on inflation
An investment manager at the world’s largest publicly traded hedge fund is adding Japan’s financial shares to her portfolio.
The Financial Services Agency Commissioner Yutaka Ito is interviewed in Tokyo last week.
BUSINESS / Economy
Aug 10, 2025
FSA eager to back regional bank realignment
Ito, who took office in July, stressed that cooperation with nonfinancial businesses is also crucial for the management of regional lenders.
Stephen Miran, in a paper he co-authored last year for the Manhattan Institute, laid out a case for increasing presidential control of the Fed board, including by shortening members' terms.
BUSINESS
Aug 8, 2025
Trump picks Stephen Miran to fill open spot on Fed board
Miran, who has called for a complete overhaul of the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week.
Net income at JPMorgan Chase & Co. in Japan more than doubled in the year ended March 31, reflecting a jump in merger advisory and underwriting business.
BUSINESS / Companies
Aug 6, 2025
JPMorgan leads foreign banks for Japan earnings amid dealmaking spree
Japanese companies have stepped up acquisitions as well as sales of noncore units in recent years, providing more opportunities for investment banks.
Mizuho Bank is said to have appointed Devendra Sharma as co-head of corporate banking in India with the aim of strengthening its presence in the country.
BUSINESS / Companies
Aug 5, 2025
Mizuho said to hire Mashreqbank’s corporate banking head in India
Mizuho Bank is betting big in India, with a focus on corporate and investment banking, as well as retail loans.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past