Tag - banks

 
 

BANKS

Japan Times
BUSINESS
May 1, 2023
JPMorgan snaps up First Republic's assets in U.S. auction
Under the deal JPMorgan will pay $10.6 billion to the U.S. FDIC for most of the assets of the San Francisco-based bank.
Japan Times
BUSINESS
Apr 29, 2023
U.S. Fed points finger at Trump-era rollback for SVB demise
The Fed's searing 100-page postmortem says bipartisan legislation in 2018 loosened post-financial crisis safeguards, undermining oversight by hindering the work of bank supervisors.
Japan Times
BUSINESS / Companies
Apr 27, 2023
Nomura profit falls for third straight year under CEO Kentaro Okuda
Muted client sentiment and lackluster deal-making weighed on revenue at the Japanese brokerage while its overseas operations have now lost money in 10 out of the past 12 years.
BUSINESS
Apr 26, 2023
Japan regulator asks banks to examine social media risks after SVB case
The FSA asked lenders to prepare crisis management manuals and examine their liquidity and risk management systems, sources have said.
Japan Times
BUSINESS / Markets
Apr 25, 2023
Credit Suisse shows well capitalized banks can lose trust, Japanese official says
The Swiss lender succumbed to a crisis of confidence about a month ago, prompting the country’s authorities to step in to broker its sale to larger rival UBS Group.
Japan Times
BUSINESS / Economy
Apr 25, 2023
Bankers chase startups in Japan as funding dries up elsewhere
Lenders including Sumitomo Mitsui Banking and Mizuho Bank are planning to increase the staff they allocate to startup businesses.
Japan Times
COMMENTARY / World
Apr 24, 2023
Will the banking busts hurt clean tech?
Rather than impeding the clean-energy race, the collapse of the U.S. start-up community's go-to bank offers lessons for managing the public-private minuet that net-zero transition requires.
Japan Times
BUSINESS
Apr 21, 2023
Rakuten Bank shares surge in Tokyo debut after IPO
The IPO was Japan's biggest in over four years, albeit muted by caution about a banking sector reeling from U.S. bank failures.
Japan Times
BUSINESS / Companies
Apr 20, 2023
MUFG hires over 20 staffers from troubled SVB to expand technology banking
The move includes five senior executives and is part of MUFG’s expansion to support pre-initial public offering growth and middle-market public companies, according to a spokesperson.
Japan Times
COMMENTARY / World
Apr 19, 2023
Climate must drive change at development banks
If multilateral development banks undertake a shift in mindset, they can do much more to combat global warming, and faster, with the substantial resources that they manage.
BUSINESS
Apr 19, 2023
Japanese banks face ‘gender washing’ spotlight on its managers
The issue has broader implications for other industries in Japan, which has long lagged behind global counterparts for workplace diversity.
Japan Times
BUSINESS
Apr 19, 2023
Daiwa to start using AI chatbot spurned by Wall Street banks
Japan’s second-biggest brokerage plans to adopt the ChatGPT technology from this month for all of its 9,000 domestic employees, adding that it has 'limitless potential.”
Japan Times
COMMENTARY / World
Apr 17, 2023
Accounting for casino capitalism
Mark-to-market accounting standards turned the banking system into a playground for gamblers, fueling instability while adding little economic value.
Japan Times
COMMENTARY / World
Apr 14, 2023
Asian startups are rising to the financing challenge
Once the world’s hottest stock because of its single-minded pursuit of growth, Singapore’s Sea is slashing costs as it seeks safety in profitability.
Japan Times
BUSINESS
Apr 14, 2023
Rakuten Bank prices shares at ¥1,400 in IPO, top of the range
Even with a lower than originally expected price, the listing is the largest in Japan since the $20 billion-plus IPO of SoftBank in December 2018.
Japan Times
BUSINESS / Companies
Apr 13, 2023
Mizuho warned over setting low IPO prices in blow to issuers
The warning suggests the government is getting more serious about removing what it sees as obstacles to its plan to turbocharge Japan’s startup ecosystem.
BUSINESS / Economy
Apr 13, 2023
G7 finance leaders pledge stability and supply chain diversity
The finance chiefs, meeting on the sidelines of International Monetary Fund and World Bank meetings in Washington, said they had discussed recent financial sector developments.
Japan Times
BUSINESS
Apr 12, 2023
Goldman Sachs to start offering transaction banking services in Japan
Japan is the first country in Asia where the firm will offer the services, which include handling money for large companies, the bank said.
Japan Times
BUSINESS / Economy
Apr 11, 2023
Regulator urges local banks to improve asset portfolio management
The FSA has been warning of risks posed by rising interest rates to regional lenders’ bond holdings long before the collapse of Silicon Valley Bank last month.
Japan Times
BUSINESS / Companies
Apr 10, 2023
Japan's three mega-banks to face votes on climate change
Climate groups are targeting mega-banks Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group over financing linked to fossil fuels.

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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.