Tag - banks

 
 

BANKS

Japan Times
ASIA PACIFIC
Jun 25, 2019
Three Chinese banks face U.S. restrictions in North Korea sanctions probe: report
Three large Chinese banks could lose their access to the U.S. financial system, after a judge found them in contempt for refusing to comply with subpoenas in a probe into the violation of North Korean sanctions, The Washington Post reported Monday.
BUSINESS
Jun 17, 2019
Shadow banking crisis raises risk of renewed Indian bad-loan reckoning
Just as India's banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country's shadow banking sector.
Japan Times
BUSINESS
Jun 14, 2019
Europol highlights Russian money as top laundering threat and calls Baltic states 'front line'
Europe's Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals centered on the region.
Japan Times
COMMENTARY / World
Jun 10, 2019
A top global finance meeting loses relevance
Ministers mouth the right words, but aren't empowered to solve what ails the global economy.
BUSINESS / Markets / ANALYSIS
Jun 5, 2019
World's central banks poised to act as global economic warnings flash
Central banks are resuming their first-responder role as the world economy runs into trouble, even as they lack the firepower they once had at their disposal.
Japan Times
BUSINESS / Markets
Jun 3, 2019
China central bank urges calm after Baoshang takeover
China's central bank sought to calm investors on Sunday after last month's takeover of Inner Mongolia-based Baoshang Bank, saying regulators are not planning any more such moves for the moment.
BUSINESS / Companies
May 31, 2019
MUFG, Japan's biggest bank, offers redundancy to hundreds of managers in London
Mitsubishi UFJ Financial Group Inc. is preparing major job cuts in London, another sign of the deepening troubles Japanese banks face at their overseas operations.
Japan Times
BUSINESS / Companies
May 27, 2019
Negative rates see Japan's regional banks move into structured finance sector
The nation's regional banks have long been relegated to the sidelines in one of the most lucrative corners of the lending market while regular loans got gradually less profitable.
BUSINESS / Companies
May 23, 2019
Sumitomo Mitsui Financial increases planned cuts, to the equivalent of 5,000 employees' workload
Sumitomo Mitsui Financial Group Inc. will increase planned cuts to its head count that will now reduce work done by the equivalent of nearly 5,000 employees over the three years to March 2020, it was learned Wednesday.
Japan Times
BUSINESS / Companies
May 21, 2019
Nomura's retreat again highlights how Japan's banking behemoths struggle to succeed abroad
Time and again since Japan emerged as a global economic force, its financial leaders have hatched plans to translate their influence into investment-banking clout. Time and again, they've failed.
Japan Times
WORLD / Politics
May 20, 2019
Deutsche Bank anti-money laundering staff flagged Trump and Kushner transactions for watchdog: report
Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, The New York Times reported Sunday.
Japan Times
BUSINESS / Companies
May 19, 2019
Regional bank in Japan battles ultralow interest rates with wine bar and sea urchins
As years of near-zero interest rates in Japan make traditional lending barely profitable, one regional bank is seeking to drum up business through less conventional enterprises, from opening wine bars to helping fishermen farm sea urchins.
BUSINESS / Companies
May 16, 2019
Japan's mega-banks see challenging year ahead as profit drivers wane
Japan's biggest banks have warned investors of a tough year ahead.
Japan Times
BUSINESS
May 13, 2019
Retired Lebanese soldiers picket central bank over wage and benefit cuts
Retired soldiers in Lebanon started picketing the Central Bank building late on Sunday in protest at draft budget proposals to cut the state wage bill, saying they aimed to stop workers entering on Monday morning.
EDITORIALS
May 11, 2019
Regional banks in trouble
The worsening performance of regional banks bodes ill for the companies and other borrowers that sustain regional economies.
Japan Times
JAPAN / Society
May 10, 2019
Happy hour is over: MUFJ bank executive takes aim at Japan's 'nominication' drinking culture
It's time to stop drinking with the boss after work.

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.