Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Markets
Aug 6, 2015
Mizuho's Wall Street itch revealed in huge Actavis deal
When Actavis was preparing to buy Allergan, it gave Mizuho Financial Group Inc. a weekend to decide if it wanted to help come up with $46 billion in loans to back the deal, which had been code-named Project Fruit Basket.
BUSINESS
Jul 28, 2015
Japan banks said to weigh lending billions of yen to Nikkei for acquisition of Financial Times
Sumitomo Mitsui Financial Group Inc. is among the banks that are preparing to offer about ¥100 billion ($810 million) in loans for Nikkei Inc. to buy the Financial Times, people with knowledge of the matter said.
BUSINESS
Jul 27, 2015
Japan banks likely to report gains in fees, overseas lending: analysts
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
BUSINESS / Companies
Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail.
Japan Times
BUSINESS / Economy
Jul 6, 2015
Despite uncertain future, Greek referendum voters resoundingly reject bailout terms
Having squarely rejected the terms of new financial aid for their cash-strapped country, Greece wakes up to an uncertain future on Monday.
Japan Times
BUSINESS / Markets
Jul 2, 2015
Mega-banks plan riskier bond sales up to ¥4 trillion
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk.
BUSINESS
Jun 30, 2015
Greece may find it easier to close banks than reopen them
Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalization under a lengthy financial rebuilding, industry sources said.
Japan Times
BUSINESS / Markets
Jun 30, 2015
Greek default fears send Dow plunging; volatility spikes
U.S. stocks extended their losses in heavy trading on Monday after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the eurozone.
BUSINESS
Jun 28, 2015
57 countries set to sign on to China-backed investment bank AIIB
One of China's biggest foreign policy successes ever will take shape Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank.
Japan Times
BUSINESS / Markets
Jun 22, 2015
Norinchukin, top lender to farmers, to park more of its ¥64 trillion overseas
Norinchukin Bank, the farm lender with most of its money invested overseas, says it sees little choice but to put additional funds into foreign assets this year even as U.S. debt markets become more volatile.
WORLD / Crime & Legal
Jun 22, 2015
Banks did too little to police FIFA transactions, says global body
A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA, and cautioned banks to step up scrutiny.
Japan Times
BUSINESS
Jun 14, 2015
China to extend economic diplomacy to EU infrastructure fund
China will pledge a multibillion-dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters — Beijing's latest round of checkbook diplomacy to win greater influence.
BUSINESS / Companies
Jun 4, 2015
What next for ShinGinko Tokyo?
News that the Tokyo Metropolitan Government is apparently planning to withdraw from managing ShinGinko Tokyo Ltd. has opened old wounds for residents who just seven years earlier saw their tax money poured into resuscitating the bank that was supposed to become a savior of small businesses.
BUSINESS / Companies
May 27, 2015
MUFG record profit masks vanishing loan earnings in Japan
Record profits at Mitsubishi UFJ Financial Group Inc. and at least 26 of the nation's banks mask vanishing returns on lending in Japan that's spurring them to venture overseas.
Japan Times
BUSINESS / Companies
May 12, 2015
Nomura, RBS conducted 'enormous' deception over risky financial product: U.S. judge
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc. may face $500 million in damages for what a judge called an "enormous" deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
BUSINESS / Companies
Apr 27, 2015
Mizuho agrees to buy additional loans from RBS for $500 million
Mizuho Financial Group Inc., the nation's third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad.
EDITORIALS
Apr 23, 2015
New opportunities for banks
Business opportunities for banks are set to expand under planned deregulation.
BUSINESS / Companies
Apr 21, 2015
GE said to be in talks with Blackstone, Mitsubishi on sale of assets
General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter.
BUSINESS
Apr 16, 2015
Analyst examines double mystery: Why BOJ's stock rallies boost Japanese megabanks
Katsuhito Sasajima is looking into a double mystery. Why is the Bank of Japan's stock rising and why do the shares of the mega-banks usually follow?
BUSINESS / Companies
Apr 16, 2015
Sharp eyeing ¥200 billion bailout: source
The loss-making company will also pledge to scale back its North American TV operations and cut around 5,000 jobs, or 10 percent of its global workforce, a source said.

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