Tag - banks

 
 

BANKS

BUSINESS / Economy
Sep 3, 2015
As Asia depreciates, Japan megabanks fear for their loans
Japanese banks may be starting to regret their biggest increase in overseas lending in 30 years as Asian economies slump and currencies tumble.
Japan Times
BUSINESS
Sep 2, 2015
China's AIIB to offer loans with fewer strings than World Bank: sources
China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.
BUSINESS / Markets
Aug 25, 2015
Rout seen as encouraging Japan banks' flight to U.S. treasuries
Japanese banks were already returning to U.S. Treasuries before a plunge in global markets made Federal Reserve rate increases an even more distant prospect.
Japan Times
BUSINESS
Aug 13, 2015
Record-low bad debts make up for disappearing loan profit
Plunging interest rates are helping reduce Japanese banks' bad debt to record-low levels of almost a fifth of their highs 13 years ago.
BUSINESS / Companies
Aug 11, 2015
Mitsubishi UFJ to boost Taiwan staff as cross-strait trade grows
Mitsubishi UFJ Financial Group Inc. is seeking to expand its workforce in Taiwan as it pursues business from companies benefiting from increasing trade between the island and mainland China.
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.

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