Tag - banks

 
 

BANKS

Japan Times
JAPAN / EXPLAINER
Feb 12, 2018
Japan's staff-heavy banks downsize and turn to technology for survival
These are tough times for banks.
Japan Times
JAPAN / Media / MEDIA MIX
Jan 27, 2018
Is artificial intelligence killing Japan's banks?
As part of an ongoing series about artificial intelligence, the Asahi Shimbun on Jan. 11 published a story that asserts the financial industry has adopted AI more readily than any other. Because finance is a data-driven endeavor, designing AI software to do things such as read and analyze reams of economic...
JAPAN
Jan 26, 2018
Lottery tickets in Japan will be sold online from October in bid to boost sales
Aiming to boost slumping sales, the internal affairs ministry said Friday that starting in October, people will be able to purchase tickets online for most public-run lotteries.
BUSINESS / Companies
Jan 15, 2018
Mizuho hires GIB Capital banker for Saudi Arabia expansion
Mizuho Financial Group Inc. hired GIB Capital LLC banker Khalid Al Ghamdi to head its Saudi Arabia business as the bank seeks to expand in the kingdom.
JAPAN / Crime & Legal
Jan 4, 2018
Japan's banks secure access to police agency database to help screen for yakuza and other 'anti-social forces'
Starting Thursday, Japanese Bankers Association members will be able to screen individual loan seekers using the National Police Agency's database of organized crime members.
EDITORIALS
Dec 12, 2017
Two decades after Japan's financial crisis
Japan's financial crisis may seem like ancient history, but banks are now facing considerable challenges.
Japan Times
BUSINESS / Companies
Nov 13, 2017
Mizuho to shed 19,000 jobs — about a quarter of workforce — over next decade as profits dwindle
As Mizuho Financial Group Inc.'s announced falling profits the Japanese bank offered a bleak assessment of its long-term outlook, confirming it will eliminate thousands of jobs to cut costs.
Japan Times
BUSINESS / Companies
Nov 10, 2017
Japan's biggest banks prepare for massive downsizing and cost overhauls
Years of shrinking interest rates, demographic challenges and threats from rapidly advancing technology are finally coming to a head at Japan's biggest banks as they prepare to eliminate thousands of positions and downsize branches.
Japan Times
BUSINESS
Nov 6, 2017
Japan's regional banks, facing demographic challenges, turn to deal-making for revenue
The grim outlook for smaller regional banks, who are suffering as the rural population shrinks rapidly, is prompting some to dive into a new, potentially lucrative line of business that until now was largely taboo: mergers and acquisitions.
Japan Times
BUSINESS / Economy
Nov 2, 2017
Trump said to pick Jerome Powell as Fed chairman, replacing Janet Yellen
President Donald Trump plans to nominate Federal Reserve Gov. Jerome Powell to the top job at the U.S. central bank, according to four people familiar with the decision.
Japan Times
BUSINESS / Companies
Sep 25, 2017
MUFG plans to make inroads into Canadian market with capital markets platform
Mitsubishi UFJ Financial Group Inc. is looking to build a capital-markets platform in Canada, with plans to hire as many as 10 people in Toronto to manage bond deals and stock sales by early next year.
Japan Times
BUSINESS
Sep 22, 2017
FSA shakes up asset-management firms with cheap funds to get individuals to move cash into stocks
An outspoken regulator has unleashed an unusual tactic to shake up Japan's asset-management industry.
Japan Times
BUSINESS
Sep 15, 2017
Japan regulator scrutinizes regional banks' fund buying as risks soar
The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky investment trusts.
Japan Times
BUSINESS / Companies
Sep 13, 2017
MUFG set to pick Amsterdam as post-Brexit hub for EU investment banking
Mitsubishi UFJ Financial Group Inc. has chosen Amsterdam as a base for its investment-banking business in the European Union after the U.K. leaves the bloc.
Japan Times
BUSINESS
Sep 11, 2017
Japan's regional bank consolidation 'inevitable' as BOJ's prolonged ultraeasy policy hurts profits: FSA
Further consolidation among Japan's regional banks is inevitable given the rapidly aging population and ultralow interest rates, according to an adviser to the Financial Services Agency.
EDITORIALS
Sep 8, 2017
Banks' expanding card loan trade
Through their card loans, banks are enabling people to borrow beyond their repayment capacity and fall into multiple debt.
Japan Times
BUSINESS
Sep 7, 2017
Trump sours on Cohn for Fed chair, looks at several candidates: sources
President Donald Trump is considering many candidates to head up the Federal Reserve and has soured on nominating his top economic adviser, Gary Cohn, to lead the central bank, according to sources close to the White House and an administration official.
Japan Times
BUSINESS
Sep 3, 2017
Cryptocurrencies threaten central banks' control over money supply — and officials study using their technology
The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore.
Japan Times
ASIA PACIFIC / FOCUS
Aug 25, 2017
U.S. possesses a powerful — but risky — tool to halt North Korea's nuclear progress
The U.S. government is turning the screws on companies that do business with North Korea in violation of U.N. sanctions but has stopped short of taking the more aggressive — and riskier — move of targeting Chinese banks that facilitate Pyongyang's trade in arms and other banned goods.
Japan Times
BUSINESS / Companies
Aug 21, 2017
In Japan's remote areas, banks may soon pay visits to customers with mobile ATM vans
An increasing number of regional banks in Japan are introducing automated teller machines mounted on vehicles to cater mainly to elderly people living in remote areas with no bank-run ATMs.

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