Tag - banks

 
 

BANKS

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.
BUSINESS / Economy
Apr 12, 2015
China-led AIIB will be lean, clean and green, its chief says
The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution.
BUSINESS / Companies
Apr 8, 2015
Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion
Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC's Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, according to a person with knowledge of...
Japan Times
BUSINESS / Economy
Apr 1, 2015
Japanese banks oppose stricter capital rules for interest-rate risk
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders require to withstand an increase in interest rates, the new chief of the country's bank lobby said.
BUSINESS
Mar 30, 2015
Flush with cash from would-be pilgrims, Indonesia's Islamic banks expect lending to rise
Flush with cash transfers from the state-controlled Hajj fund, Indonesia's Islamic banks expect loan growth to triple in 2015.
Japan Times
WORLD / Politics
Mar 28, 2015
Upset by Warren's calls for break-ups, U.S. banks debate halting some Senate campaign donations
Big Wall Street banks are so upset with Democratic Sen. Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources said.
BUSINESS / Companies
Mar 26, 2015
Mizuho seeks to build on No. 1 M&A rank by hiring bankers abroad
Mizuho Financial Group Inc., which vaulted to the top spot among Japan's merger advisers this year by working with Japan Post Holdings Co. and Itochu Corp., plans to build on that position by hiring bankers in the United States and Asia.
BUSINESS / Economy
Mar 18, 2015
In development bank battle, surge to China rattles Japan, U.S.
Tokyo is expressing doubts over the credibility of China's planned development bank, as European nations seek to join the new institution.
Japan Times
BUSINESS / Markets
Mar 13, 2015
Wall St. bounces back in broad rally; bank shares gain
U.S. stocks rose in a broad rally on Thursday, bouncing back from two straight days of losses, helped by a weaker dollar and a rally in banking shares.
BUSINESS / Economy
Mar 8, 2015
China eager to learn from Japan's economic missteps
China is poring over Japanese history for economic lessons to keep its massive economy away from the recession and deflation that has blighted Japan for 20 years.
WORLD
Mar 2, 2015
10% of those picked for top U.K. bank jobs pull out of vetting process
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has become tougher since the financial crisis.
Japan Times
BUSINESS / Markets
Feb 27, 2015
Megabank dividends lure funds from bonds
As Japan's sovereign bond yields languish near zero, the regular payouts to shareholders of the megabanks are starting to appeal to a wider group of investors.
BUSINESS / Companies
Feb 26, 2015
Mizuho reportedly to buy RBS loan assets for several hundred billion yen
Mizuho Financial Group Inc. will pay several hundred billion yen for North American loan and derivative assets of Royal Bank of Scotland Group, a source with knowledge of the discussions said.
Japan Times
WORLD
Feb 26, 2015
Europol disrupts cybercrime ring that infected millions of PCs
A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three technology companies, officials said on Wednesday.
Japan Times
BUSINESS / Markets
Feb 20, 2015
China calls shots in currency war
As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown.
WORLD
Feb 16, 2015
Britain's HSBC apologizes over past standards at Swiss bank
HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of wealthy clients dodge taxes.

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