Tag - banks

 
 

BANKS

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.
BUSINESS / Companies
Jul 11, 2016
Standard Chartered establishes first brokerage in Japan with staff of 100
Standard Chartered Plc started its first brokerage business in Japan with 100 employees as institutional investors seek products from emerging markets in Asia, the Middle East and Africa for better returns.
Japan Times
BUSINESS / Economy
Jun 26, 2016
China touts AIIB's greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said Sunday at its first annual meeting.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
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 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 / 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.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past