Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Economy
Mar 13, 2017
Economy seen hurting as thousands of Japan's 'zombie' firms legally dodge bankruptcy
The owner of a car repair business in northwest Tokyo has been digging into his retirement fund to keep his shop going. He's in his mid-60s, he's not making money and he knows he'll eventually have to close down.
Japan Times
BUSINESS
Feb 23, 2017
Regional underdog shows Japanese banks how to beat demographics
Critics say Kochi Shinkin Bank has lost its way and is acting more like an investment firm than a regional lender. Supporters say it shows that provincial banks can thrive in Japan even as their customer base shrinks, so long as they're prepared to adopt new business models.
Japan Times
JAPAN
Feb 17, 2017
Japanese protesters demand mega-banks end funding for Dakota pipeline project
Citizens groups deliver a petition to three of Japan's biggest banks demanding that they stop funding the Dakota oil pipeline project reactivated by U.S. President Donald Trump.
Japan Times
BUSINESS
Feb 6, 2017
A year later, Japan banks brave negative rates thanks in part to Trump
Japan's biggest banks have navigated through a year of negative interest rates and choppy financial markets with their profits intact, thanks at least in part to Donald Trump.
Japan Times
BUSINESS / Economy
Dec 23, 2016
Trump pick Carl Icahn denies conflict of interest, says EPA, bank regulations hurting U.S. economy
Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a priority in his role as adviser to President-elect Donald Trump.
ASIA PACIFIC / Crime & Legal
Nov 23, 2016
Philippines charges bankers for ignoring cyberheist
The Philippines has filed charges against five officials of RCBC bank and a former treasurer who "wilfully ignored" suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh's central bank.
BUSINESS / Economy
Nov 12, 2016
U.S. should have joined China-led AIIB: Trump adviser
A top adviser to U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank, suggesting a possible policy shift when Trump takes office in January.
EDITORIALS
Nov 5, 2016
FSA policy on regional banks
The Financial Services Agency will have to thread a narrow line as it urges regional banks to boost their lending to small and medium-size firms.
Japan Times
BUSINESS
Sep 14, 2016
U.K. startup looks for a slice of Japan's remittance market
TransferWise Ltd., a British peer-to-peer money transfer startup launched last week on the promise of cheaper prices, is betting its service will change the way Japanese and foreign residents send and receive money overseas.
BUSINESS / Companies
Sep 12, 2016
Citigroup to exit Shin-Marunouchi Building next year to unite brokerage, banking divisions
Citigroup Inc. plans to move its Japan headquarters from Tokyo's Shin-Marunouchi Building to a new location nearby that will bring its brokerage and banking divisions together in the city's financial district.
EDITORIALS
Sep 8, 2016
Encouraging banks to lend more
A new FSA policy is aimed at encouraging regional banks to fund promising business projects and turn struggling local economies around.
Japan Times
BUSINESS
Sep 1, 2016
Tailored loans support restoration of Kyoto's historic townhouses
For generations, artisans and merchants in Kyoto lived in thousands of traditional machiya townhouses that are steadily disappearing or falling into disrepair.
BUSINESS / Economy
Aug 31, 2016
Canada snubs U.S. in seeking to join China-led AIIB
Canada will apply to join the China-backed Asian Infrastructure Investment Bank, Ottawa's finance department said Wednesday, in a coup for Beijing after Washington tried to dissuade its allies from signing up.
Japan Times
BUSINESS / Tech
Aug 31, 2016
SWIFT discloses more cyberthefts, pressures banks on security
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its members' banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank.
Japan Times
WORLD
Aug 31, 2016
Six U.S. senators urge Obama to prioritize cybercrime at G-20 summit
Six U.S. senators have urged President Barack Obama to prioritize cybercrime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters.
Japan Times
BUSINESS / Economy / ANALYSIS
Aug 27, 2016
Yellen rejects radical overhaul of Fed's policy tools
For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to printing "helicopter money," Federal Reserve Chair Janet Yellen appears to believe she can tackle any downturn using the tools currently at her disposal.
BUSINESS / Markets
Aug 18, 2016
BOJ cornered as Japanese banks seen running out of bonds to sell
The nation's biggest banks are running out of room to sell their government bond holdings, pushing the central bank closer to the limits of its record monetary easing.
Japan Times
BUSINESS / Companies
Aug 2, 2016
Clouds lifting for Japan's banks as negative rates stay put
The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings.
BUSINESS / Companies
Jul 29, 2016
Mizuho profit slides 16% on negative interest rate
Mizuho Financial Group, the nation's second-largest lender, said first-quarter profit dropped 16 percent, as Japan's negative interest rate hit income from loans and investments and failed to stoke broader borrowing.
BUSINESS / Markets
Jul 15, 2016
Banks would be turned off by BOJ paying them to borrow, experts say
Japan's major lenders wouldn't want the central bank to pay them to borrow even if policymakers seeking to kill off deflation made such an offer, according to people familiar with the matter.

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