Tag - banks

 
 

BANKS

BUSINESS / Companies
Jun 8, 2016
Japan's biggest bank may cease underwriting JGB auctions as negative rates bite
The main lending unit of MUFG says it may quit as one of the 22 primary dealers that underwrite government bond auctions.
Japan Times
BUSINESS / Companies
Jun 6, 2016
Citigroup touts global network to investors
Despite its withdrawal from Japanese retail banking more than a year ago, Citigroup sees good prospects for companies seeking business opportunities abroad and investors interested in global markets, the head of its Japan operations said.
Japan Times
WORLD / Crime & Legal
May 22, 2016
Cyberthieves exploit banks' faith in SWIFT transfer network
On Jan. 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong.
WORLD / Politics
May 19, 2016
Wall Street bearish on Trump's call to scrap Dodd-Frank reform law
U.S. banking lobbyists said on Wednesday they disagree with presidential candidate Donald Trump's call for a wholesale repeal of President Barack Obama's financial reform law, even though they share his view that it is overly burdensome.
WORLD / Society
May 19, 2016
Ricochets from guards' guns kill trio in throng making run on Tripoli bank
Bank guards shot dead three people as they tried to disperse a crowd of hundreds of people lining up for cash outside a bank in the Libyan capital Tripoli on Wednesday, a security official said.
Japan Times
BUSINESS
May 18, 2016
U.S. eases some Myanmar sanctions to push reforms but keeps most economic curbs in place
The United States eased some sanctions on Myanmar on Tuesday to support ongoing political reforms, but maintained most of its economic restrictions in an effort to punish those Washington sees as hampering the country's newly elected government.
BUSINESS / Companies
May 17, 2016
Mitsubishi UFJ projects 11% lower profit amid negative rates
Mitsubishi UFJ Financial Group Inc. sees full-year profits falling 11 percent as negative interest rates squeeze loan profitability and the costs of bad loans increase.
COMMENTARY / World
May 16, 2016
Manna from helicopters can boost recoveries
In the current economic climate, if a liquidity trap looms, helicopter money could be one of the cheapest and most effective tools for stimulating the economy.
COMMENTARY / World
May 12, 2016
Trump's trolling of American bankers is just plain crazy
China and Japan hold $2.4 trillion of Treasuries, a reminder the U.S. is financed by the kindness of strangers.
Japan Times
BUSINESS
May 10, 2016
Japan's financial regulator to scrutinize banks' stress tests
The nation's financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe.
Japan Times
BUSINESS / Economy
May 9, 2016
BOJ considered negative side of minus rates: minutes
Some Bank of Japan policymakers warned in March of "adverse effects" of negative rates, citing anxiety among financial institutions and depositors, meeting minutes showed Monday.
Japan Times
BUSINESS / Tech
May 9, 2016
Following cyberheist, SWIFT technicians accused of leaving Bangladesh Bank exposed to hackers
Bangladesh's central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyberheist, Bangladeshi police and a bank official alleged.
Japan Times
BUSINESS
May 8, 2016
Saudi Arabia replaces oil minister, central banker as part of plan to reduce dependency on oil
Saudi Arabia's King Salman announced a government overhaul that saw the kingdom's top central banker and longtime oil minister replaced as part of sweeping economic changes led by his son to reduce the nation's reliance on hydrocarbons.
Japan Times
BUSINESS
Apr 25, 2016
Bangladesh Bank heist used compromised SWIFT software
The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.
WORLD / Crime & Legal
Apr 21, 2016
Iran bank must pay $2 billion to U.S. kin of 1983 Beirut bomb victims: Supreme Court
The U.S. Supreme Court on Wednesday ruled that almost $2 billion in frozen Iranian assets must be turned over to American families of people killed in the 1983 bombing of a U.S. Marine Corps barracks in Beirut and other attacks blamed on Iran.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS / Companies
Apr 15, 2016
Top three banks to charge fees on deposits of foreign lenders in Japan
The nation's three largest banks plan to start charging fees on some deposits held by foreign financial institutions in an attempt to improve their earnings in the wake of the Bank of Japan's negative interest rate policy, sources close to the matter said Friday.
BUSINESS / Markets
Apr 14, 2016
Japan's biggest bank criticizes BOJ policy for fueling anxiety
The top executive of Japan's biggest bank delivered a rare criticism of the central bank on Thursday, saying its negative-interest-rate policy has contributed to anxiety among households and companies and prolonging it may weaken financial institutions.
BUSINESS / Economy
Apr 12, 2016
Negative rates failed to boost bank lending in March
Loan growth slowed to the weakest pace in three years in March, signaling the central bank's introduction of negative interest rates has yet to spur credit in the world's third-largest economy.
Japan Times
BUSINESS
Apr 9, 2016
High-flying Shanghai wealth management firm comes crashing back to earth
Zhongjin Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm's imposing branch office on Shanghai's historic Bund pulled in many eager investors seeking the double-digit returns it promised on short-term financing products. It had a big profile, sponsoring...

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