Tag - banks

 
 

BANKS

BUSINESS
Jan 11, 2016
Yuan loan rates soar in Hong Kong as Beijing halts currency's slide
Interbank yuan lending rates in Hong Kong climbed to records across the board after suspected intervention by China's central bank last week mopped up supplies of the currency in the offshore market.
Japan Times
WORLD / Politics
Jan 8, 2016
U.S. House may see bipartisan vote next week on North Korea sanctions bill with added financial squeeze
The House of Representatives could vote in the coming days on legislation backed by Republican and Democratic lawmakers to broaden U.S. sanctions on North Korea, House leaders said on Thursday, a day after Pyongyang announced it had tested a hydrogen nuclear device.
Japan Times
WORLD / Politics
Jan 6, 2016
Sanders attacks Wall Street's business model of fraud, 'too big to fail' banks, Clinton
U.S. Democratic presidential candidate Bernie Sanders warned on Tuesday that financial-sector greed was "destroying the fabric of our nation" and said the starting point of any Wall Street reform effort is breaking up "too big to fail" banks.
BUSINESS / Companies
Jan 6, 2016
Mitsubishi UFJ plans division to pursue fintech endeavors
Mitsubishi UFJ Financial Group Inc. has set up a unit to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said.
WORLD / Crime & Legal
Dec 11, 2015
Islamic State bagged $1.5 billion from bank looting, oil sales, key U.S. Treasury official says
Islamic State militants have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior U.S. Treasury official Adam Szubin said on Thursday.
BUSINESS
Dec 8, 2015
BOJ dooms credit analysts as foreign banks let Tokyo posts lapse
Foreign brokerages are leaving credit analyst positions in Tokyo unfilled as record central bank bond-buying stimulus makes it hard for them to make profits.
BUSINESS
Dec 6, 2015
Pursuing transparency, Vatican orders external audit of assets
The Vatican said Saturday it had ordered the first external audit of its assets as part of a drive by Pope Francis to bring transparency to its finances where millions of euros have gone unrecorded without any central oversight.
Japan Times
COMMUNITY / Voices / FOREIGN AGENDA
Nov 25, 2015
Japan: surprisingly, sensibly and endearingly low-tech
The common image of Japan abroad as a high-tech country is severely out of step with the everyday experience of those of us who live here.
Japan Times
BUSINESS / Economy
Nov 9, 2015
Return-starved mega-banks boost lending 25% in Australia
The nation's biggest banks are looking to get more bang for their buck Down Under, expanding loans in Australia 25 percent in the past year.
Japan Times
BUSINESS / Companies
Oct 31, 2015
How analysts calculate China's true — and huge — burden of bad loans
Corporate investigator Violet Ho never put a lot of faith in the numbers on bad loans that are reported by China's banks.
Japan Times
BUSINESS / Companies
Oct 26, 2015
Japan's largest bank said to enter fray for Bank Panin stake
Mitsubishi UFJ Financial Group Inc. has entered the running for a 39 percent stake in PT Bank Pan Indonesia, people with knowledge of the matter said, potentially setting up a battle between two of Japan's largest banks.
BUSINESS
Oct 9, 2015
Malaysian central bank urged criminal prosecution of state fund
Malaysia's central bank said on Friday it had urged the country's attorney general to begin criminal prosecution of troubled fund 1MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund's advisory board.
COMMENTARY / World
Oct 9, 2015
When the 'febezzle' comes home to roost
In any case of embezzlement, there is a period when the embezzler has his gain and the victim feels no loss — a period of increased psychic wealth that John Kenneth Galbraith called 'the bezzle.'
Japan Times
BUSINESS
Oct 2, 2015
Kuroda's retreat from bonds stymied by expectations for more BOJ stimulus
With the economy weakening markedly, banks are flocking to longer-dated government debt on expectations the Bank of Japan will expand its stimulus program. That's creating fresh challenges for BOJ Gov. Haruhiko Kuroda, who's trying to get banks to buy fewer bonds and lend more.
BUSINESS
Sep 29, 2015
Japan's cheap debt, aging population prompt ex-banker to shift focus
Saburo Nishiura is using Japan's record-low borrowing costs to turn the nation's shrinking population to his advantage.
Japan Times
WORLD / Politics
Sep 22, 2015
'Putin's banker' files $10 billion claim against Russia
Sergei Pugachev, a tycoon once dubbed "Putin's banker" because of his influence in the Kremlin, has filed a claim against Russia for more than $10 billion after his business empire was carved up when he fell out of favour with President Vladimir Putin.
Japan Times
BUSINESS
Sep 22, 2015
Internet banking slow to take root in nation where branches offer friendly face time
For bank analyst Mac Salman, the Bank of Tokyo-Mitsubishi flagship branch in Tokyo is so majestic that he brings friends and family there when they visit Japan.
COMMENTARY / Japan
Sep 14, 2015
Japan Post IPO could provide much-needed jolt
The Japan Post initial public offering could be just what the doctor ordered to enliven the country's stagnant banking sector.
BUSINESS / Companies
Sep 14, 2015
Mitsubishi UFJ pivots back toward Japan as Krugman laments economy
Mitsubishi UFJ Financial Group Inc., the lender that has made about $13 billion in acquisitions overseas since its founding a decade ago, is making a pivot toward its home market.
JAPAN / Politics
Sep 3, 2015
My Number law revised, IDs to be linked to bank accounts from 2018
The Diet passed a bill Thursday to expand the use of a personal identification number to improve tax collection despite concerns over potential identity theft.

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