Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Companies
Apr 3, 2023
Sumitomo Mitsui wants Wall Street bankers for U.S. expansion
The newly appointed head of the firm’s core banking unit says the downturn in the global economy will help it attract talent as it seeks to boost areas like sales and trading.
Japan Times
BUSINESS
Mar 30, 2023
U.S. bank supervision needs more speed and transparency in wake of SVB debacle, critics say
The Fed’s vice chair claims that supervisors repeatedly identified risks to the failed bank, leading to accusations by lawmakers that the problems had not been escalated fast enough.
Japan Times
BUSINESS
Mar 29, 2023
SVB fallout puts focus on challenges faced by Japan’s regional banks
With a declining population, profit pressures and pandemic assistance measures set to expire, regional banks were already under considerable pressure.
Japan Times
BUSINESS / Companies
Mar 28, 2023
Nomura cautious on Credit Suisse hiring as rivals grab talent
While Japan’s biggest brokerage could end up getting some Credit Suisse bankers as it continues to invest in its businesses, it isn’t 'systematically” targeting the Swiss bank’s employees.
Japan Times
BUSINESS
Mar 27, 2023
First Citizens buys Silicon Valley Bank after run on lender
The Raleigh, North Carolina-based bank entered into a purchase and assumption agreement for all deposits and loans of SVB, the U.S. Federal Deposit Insurance Corp. has confirmed.
Japan Times
BUSINESS / Economy
Mar 27, 2023
Banking stress puts U.S. and Europe on lookout for credit crunch
Authorities around the world are on high alert for the fallout from recent turmoil at banks following the collapse of U.S lenders SVB and Signature and the rescue takeover of Credit Suisse.
Japan Times
COMMENTARY / World
Mar 26, 2023
What it will take to reshape the global monetary order
Why isn't diversification from the U.S. dollar toward the Chinese yuan visible in data on foreign reserves and international payments?
Japan Times
BUSINESS
Mar 24, 2023
Why Japanese banks are well placed to withstand banking crisis
Regulators and industry heads have been quick to say Japan’s financial system is sound, while analysts have been busy reassuring worried bank investors.
Japan Times
BUSINESS
Mar 22, 2023
Rakuten Bank seeks $881 million in biggest Japan IPO since 2018
The banking unit of Rakuten Group set an indicative band of ¥1,630 to ¥1,960 per share on Wednesday, and the stock will list on the Tokyo Stock Exchange on April 21.
Japan Times
BUSINESS
Mar 22, 2023
Bad timing as Japan hosts this year's first bank IPO
Amid ongoing global financial turmoil, Tokyo-based SBI Sumishin Net Bank shares were priced at the bottom of a range at ¥1,200 each against an expected price of as high as ¥1,260.
Japan Times
COMMENTARY / World
Mar 22, 2023
Don't make the same mistake as SVB with your 401(k)
Treasuries aren’t always the safest asset in your portfolio. Your risk depends on the type of bond and what you need the money for.
Japan Times
BUSINESS
Mar 22, 2023
First Republic rescue may rely on Washington's backing to reach a deal
As part of efforts to ensure there isn’t another U.S. bank failure, the government could play a role in lifting out assets currently eroding the bank’s balance sheet.
Japan Times
BUSINESS
Mar 22, 2023
U.S. regional banks and regulators try to soothe depositors’ fears
Treasury Secretary Janet Yellen has expressed confidence in the nation’s banks and suggested that the government would step in to protect smaller lenders if needed.
Japan Times
COMMENTARY / World
Mar 21, 2023
SVB’s failure endangers more than just money
Before SVB’s collapse, the bank was “critical to spurring greater competition and creativity” in the U.S. defense industry.
Japan Times
BUSINESS / Markets
Mar 21, 2023
Safe havens and risk assets both rise as banking woes shift Fed expectations
The unusual cross-currents come as the financial distress that started earlier this month has spread to Europe, with investors on edge about the health of the financial system.
Japan Times
BUSINESS / Markets
Mar 21, 2023
2008 bank crisis survivors remember how fast dominoes can fall
Comparisons to that episode have become a little harder to ignore, although authorities are better equipped today to deal with stress in the financial system.
Japan Times
COMMENTARY / World
Mar 20, 2023
Just who is to blame for this new banking crisis?
In 2018, U.S. lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability of the financial system.
Japan Times
BUSINESS / Economy
Mar 20, 2023
Case for Fed pause builds following crisis-echoing move on swaps
To be sure, the decision on whether to pause or hike remains a tough call.
Japan Times
BUSINESS / ANALYSIS
Mar 20, 2023
UBS swallows doomed Credit Suisse, casting shadow over Switzerland
The transaction — the first rescue of a global bank since the financial crisis of 2008 — grants enormous clout to UBS, ridding it of its main rival.
Japan Times
BUSINESS
Mar 20, 2023
The key takeaways from UBS Group’s historic Credit Suisse deal
UBS is paying 3 billion francs ($3.24 billion) for its battered rival in a deal aimed at avoiding a broader financial crisis.

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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.