Tag - banks

 
 

BANKS

Japan Times
COMMENTARY / World
Nov 17, 2019
The digital money revolution
The choice for governments and central banks is whether to stand in front of a train that is gaining steam, or get on board and reap the benefits.
Japan Times
BUSINESS / Companies
Nov 15, 2019
Japanese banks face headwinds even with current profit goals in sight
Even as the nation's biggest banks remain on course to achieve their full-year earnings goals, they are losing profit drivers.
BUSINESS / Markets
Oct 25, 2019
BOJ says banks vulnerable to falling prices of corporate loans if global economy worsens
Japanese banks, which have been rapidly accumulating bundled corporate loans abroad, are vulnerable to a steep drop in their prices if the global economy deteriorates, the nation's central bank has warned.
Japan Times
BUSINESS / Companies
Oct 19, 2019
SoftBank eyes WeWork rescue valuation below $8 billion
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions.
Japan Times
BUSINESS
Oct 16, 2019
Mizuho Bank increases risky credit in competitive market
Mizuho Financial Group Inc. is extending riskier types of corporate credit to fend off competition in a country that's awash with easy money.
BUSINESS / Companies
Oct 9, 2019
Japanese investor has $1 billion to plow into shaky regional banks
Yoshitaka Kitao wants to build a financial empire in an area shunned by investors: the downtrodden ranks of Japan's regional banks.
WORLD / Crime & Legal
Oct 2, 2019
Kenya finds $71 million in suspect cash as it retires old notes
A Kenyan anti-corruption drive uncovered the equivalent of tens of millions of dollars in unexplained wealth when it retired old banknotes, the central bank said on Wednesday, adding much of the cash appeared to have been gained in "the criminal area."
Japan Times
BUSINESS / Companies
Sep 25, 2019
MUFG to cut brokerage staff in Hong Kong, Singapore and Sydney
Mitsubishi UFJ Financial Group Inc. is planning to cut about half of its 150-strong workforce at its securities business in Hong Kong, Singapore and Sydney, people with knowledge of the matter said.
Japan Times
BUSINESS
Sep 23, 2019
Banks with assets totalling $47 trillion adopt new U.N.-backed climate principles
Banks with more than $47 trillion in assets, or a third of the global industry, on Sunday adopted new U.N.-backed "responsible banking" principles to fight climate change that will shift their loan books away from fossil fuels.
Japan Times
BUSINESS / Markets
Sep 13, 2019
Free bank accounts may become a thing of the past in Japan
Japan's long-suffering savers have put up with virtually zero interest for years, but at least their bank accounts have remained free.
BUSINESS / Companies
Sep 13, 2019
Japan Post Bank broke rules with sales of investment trust products to thousands of seniors
Japan Post Bank improperly sold investment trust products to elderly customers in violation of its rules in a total of some 20,000 cases, sources have revealed.
Japan Times
BUSINESS / Markets
Sep 9, 2019
Japan's regulators boost scrutiny of financial firms' foreign assets
Regulators are surveying Japan's financial firms to determine their exposure to foreign assets, including risky credit products, as the global economy slows, according to sources.
Japan Times
BUSINESS
Sep 6, 2019
Regulatory problems have choked China's P2P lending industry
Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy.
Japan Times
BUSINESS / Companies
Sep 4, 2019
Japan's regional banks load up on risk as they fight to survive
Troubled regional banks are plunging into riskier corners of the credit markets, in a battle to survive ultralow interest rates and an industry shakeout.
Japan Times
BUSINESS / Economy
Sep 2, 2019
Argentina imposes capital controls as debt crisis escalates, gives exporters five days to repatriate foreign currencies
Argentina's government authorized currency controls Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.
BUSINESS
Aug 29, 2019
BOJ policymaker warns about the dangers of more easing, hinting at rift on board
A Bank of Japan board member warned of potential dangers if the central bank's already massive stimulus is ramped up, a view suggesting there is no consensus on how quickly it should ease policy again to head off the risk of recession.
Japan Times
BUSINESS / Markets
Aug 28, 2019
Japanese government becomes top shareholder of Shinsei Bank
The government has effectively become the top shareholder of Shinsei Bank Ltd., with a stake of about 19 percent in terms of voting rights, replacing U.S. investment fund J.C. Flowers & Co.
Japan Times
WORLD / Crime & Legal
Aug 28, 2019
Deutsche Bank says records sought in Trump congressional probe include tax returns, without elaborating
Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG include tax returns, the bank disclosed in a court filing on Tuesday.

Longform

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.