Tag - banks

 
 

BANKS

Japan Times
BUSINESS / FOCUS
May 24, 2021
Huarong drama: Inside the race to avert disaster at China’s biggest ‘bad bank’
The company's fate will test China's vast, debt-ridden financial system, the technocrats working to fix it, and the foreign banks and investors caught in the middle.
Japan Times
BUSINESS / Companies
May 19, 2021
Mizuho requires staff returning to U.S. offices to be vaccinated
Wall Street is seeking to bring staff back as vaccines help the U.S. recover from a pandemic that forced most employees to work from home.
Japan Times
BUSINESS / Companies
May 18, 2021
Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050
The bank will also aim for carbon neutrality in its own operations by 2030, it said. The lender will provide annual updates on its progress toward the 2050 target.
Japan Times
COMMENTARY / World
May 13, 2021
Unseen digital cash will stretch your money
These invisible blockchain tokens could still turbocharge our everyday money: by making it move faster and stretching its worth.
Japan Times
BUSINESS
May 1, 2021
Mizuho Securities sued over alleged racism and stereotyping
Mizuho Securities USA underpaid nonwhite employees based in part on performance reviews 'replete with thinly disguised racial stereotyping,” a lawsuit filed by four former executives said.
Japan Times
BUSINESS / Companies
Apr 23, 2021
Retailer Rakuten beats Japanese lenders at digital banking game
New digital bank accounts with the internet conglomerate better known for its online shopping services expanded by 20% last year, and recently topped 10 million.
Japan Times
BUSINESS
Apr 14, 2021
Chinese students pay agents $12,000 for inside track to Wall Street
The practice has a growing number of detractors, who are questioning whether it's fair or good for the industry to give another leg up to the well-heeled.
Japan Times
BUSINESS / Companies
Mar 23, 2021
Morgan Stanley doubles down in Japan to back MUFG’s wealth push
The New York-based lender has dispatched Darren Spencer, former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff.
Japan Times
BUSINESS / Companies
Mar 1, 2021
Little-known fees help Japan's trust banks dominate profitable niche market
Insiders say an 'industry custom' of termination fees keeps profitable business in the hands of a few big trust banks because newcomers balk at the cost.
Japan Times
BUSINESS / Markets
Mar 1, 2021
BOJ considers three pressure points to prolong stimulus
But with the Nikkei stock index around three-decade highs, some lawmakers and economists are asking why it's necessary to keep propping up the market.
Japan Times
BUSINESS
Feb 28, 2021
Japan's Mizuho halts service at card-eating ATMs
Japan's Mizuho Bank stopped service at some of its automated teller machines (ATMs) on Sunday after the machines devoured customers' cash cards and bank books.
Japan Times
BUSINESS
Feb 25, 2021
Nordic banks gain edge as more investors focus on gender diversity
Two of the six women running Europe's biggest banks are in the Nordic region, at DNB ASA and Svenska Handelsbanken AB.
Japan Times
BUSINESS
Feb 18, 2021
Cash-loving Japan shifts from notes and coins in boost for banks
As banks move toward digitalization, the pandemic has added an incentive for consumers and merchants to avoid touching physical money.
Japan Times
ASIA PACIFIC
Feb 4, 2021
Millions of defaults threaten future of microfinance in India
Worldwide, microlending's tremendous reach, once heralded as its greatest strength, now looks like a deep liability.
Japan Times
BUSINESS / FOCUS
Jan 28, 2021
China’s crackdown will shake up world’s largest fintech market
The nation's financial watchdogs have made it their primary goal this year to curb the 'reckless” push of technology firms into finance.
Japan Times
BUSINESS / Markets / FOCUS
Jan 25, 2021
Pandemic-era central banking is creating bubbles everywhere
In 2020, cheap money, gushing in from the world's major central banks, inflated assets and reshaped how we save, invest and spend.
Japan Times
COMMENTARY / Japan
Dec 29, 2020
Ten surprises that await Japan in 2021
Next year is poised to be a great year for Japan. My main predictions are unashamedly bullish: Exports will get a boost from a re-acceleration in global growth; there will be a surprise pickup in domestic demand with business investments kicking in and, most importantly, consumers will begin to open...
Japan Times
BUSINESS / Companies
Dec 25, 2020
Junichi Hanzawa, MUFG’s next banking unit chief, targets Asia for growth
Japan's biggest bank has been aggressively expanding in Asia, where it has spent about $15 billion buying stakes in lenders in Indonesia, Thailand, Vietnam and the Philippines.
Japan Times
BUSINESS / Companies
Dec 22, 2020
Sumitomo Mitsui on hunt for Asian lender and U.S. partner for deals
The plans underscore how the bank is looking beyond the current dip to grow abroad, with low interest rates and a graying population hampering prospects at home.
Japan Times
BUSINESS
Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight