Tag - banks

 
 

BANKS

Japan Times
JAPAN
Nov 12, 2013
Sumitomo Mitsui affiliate may have extended loans to crime groups
Loans screened by a credit company under Sumitomo Mitsui Financial Group are suspected to have been extended to people linked to organized crime and other antisocial forces, Sumitomo Mitsui President Koichi Miyata says.
COMMENTARY / World
Oct 25, 2013
What to do with banks that are 'too big to fail'?
The travails of JPMorgan Chase have reopened the debate about what to do with American and European banks that are 'too big to fail.' The result so far is an uneven playing field.
Japan Times
BUSINESS / Companies
Oct 23, 2013
U.S. sees huge JPMorgan deal as template for future bank settlements
The U.S. Justice Department plans to use its tentative $13 billion settlement with JPMorgan Chase as a blueprint for reaching similar deals with other banks in probes related to bad mortgages and the 2008 financial crisis.
BUSINESS
Oct 4, 2013
U.S. regulators offer look at banks' 'living wills' for unwinding in crises
In the event of a catastrophic market meltdown or a plain-old company collapse, Wall Street's titans say they are prepared and won't need to turn to taxpayers for help.
BUSINESS / Companies
Sep 17, 2013
'London Whale' to cost JPMorgan $750 million
Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank's disastrous "London Whale" trading losses last year, according to people familiar with the negotiations.
Japan Times
BUSINESS
Sep 16, 2013
Summers pulls out of race to be Fed chief
White House adviser Lawrence Summers quits the race for Federal Reserve chairman after a highly unusual political assault against the brusque but brilliant economist.
Japan Times
BUSINESS
Aug 25, 2013
Challenges are just beginning for central banks
The global financial crisis is for all practical purposes over, but the world's top central bankers think their problems are just beginning.
Japan Times
BUSINESS
Aug 2, 2013
Ex-Goldman exec Tourre liable for duping investors
A federal jury found former Goldman Sachs executive Fabrice Tourre liable on Thursday for duping investors about a shoddy mortgage deal on the eve of the housing market's crash, the first major court victory for the Securities and Exchange Commission in its quest to hold Wall Street accountable for the 2008 financial crisis.
BUSINESS
Jul 26, 2013
Regional financial firms should integrate across borders: LDP's Shiozaki
Regional financial institutions should consolidate across geographical boundaries to help revive the economy, lawmaker Yasuhisa Shiozaki of the ruling Liberal Democratic Party said.
BUSINESS
Jul 18, 2013
G-20 to discuss how to keep emerging economies healthy
Finance chiefs from the Group of 20 nations are likely to discuss how to prevent emerging economies from stalling when they gather Friday for a two-day meeting in Moscow, with market volatility casting a shadow over their future economic prospects.
Japan Times
BUSINESS / Markets
Jul 10, 2013
NYSE Euronext to take over Libor oversight
Britain will hand over administration of the London interbank offered rate (Libor) to the operator of the New York Stock Exchange as regulators try to revive confidence in the scandal-hit benchmark.
Japan Times
BUSINESS
Jul 3, 2013
Fed approves rules requiring banks to set aside more capital
The Federal Reserve Board on Tuesday ordered banks to set aside more capital as a cushion against losses, bringing the United States in line with developing international standards and opening the door for a set of tougher rules for the nation's biggest financial institutions.
BUSINESS
Jul 3, 2013
MUFG seeks Ayudhya deal in July
Mitsubishi UFJ Financial Group Inc. is seeking to strike a deal for control of Thailand's Bank of Ayudhya Pcl as soon as this month, two sources said.
BUSINESS
Jun 27, 2013
Probe launched after Anglo Irish execs' calls leaked
A former executive at Anglo Irish Bank Corp. said it would be "fantastic" if the state took over the lender, as "we'd all get to keep our jobs" and sang "Deutschland uber alles" as the bank won German deposits, according to tapes of 2008 conversations released last Wednesday.
BUSINESS / Markets
Jun 27, 2013
Three top banks to bump up mortgage rates in July
Three major banks are considering hiking their housing loan rates more in July as record-low long-term interest rates continue to edge up, sources said.
Japan Times
BUSINESS / Companies
Jun 21, 2013
MUFG to pay $250 million to New York over transfers to sanctioned states
Mitsubishi UFJ Financial Group Inc. agrees to pay $250 million to New York to settle claims it transferred billions of dollars for countries facing U.S. sanctions, including Iran, Sudan and Myanmar.
Japan Times
BUSINESS / Economy
Jun 21, 2013
Markets worldwide tremble at prospect of U.S. ending stimulus policies
A wave of selling washed across the financial world Thursday, driving the stock market down, pushing interest rates up and bringing new concern that the forces propping up growth are in danger of fading.
Japan Times
BUSINESS / ANALYSIS
Jun 8, 2013
King's legacy at BOE: a broken economy
It is the end of an era on Threadneedle Street, the narrow street in the City of London from which the Bank of England has for centuries lorded over the British economy. When the bank's Monetary Policy Committee announced no change to its policies Thursday morning, it marked the end of a remarkable run for the most consequential shaper of Britain's economic policy of the last generation, Sir Mervyn King.
BUSINESS / Markets
May 24, 2013
Kyoto Bank eyes buying more J-REITs as peers retain holdings
Bank of Kyoto Ltd. is one of a few regional lenders weighing additional investments in real estate investment trusts as low interest rates limit returns on government bonds.
BUSINESS / Companies
Apr 30, 2013
MUFG in bid for Morgan Stanley's trust-banking assets
Mitsubishi UFJ Financial Group Inc. is in talks to buy Morgan Stanley's trust-banking assets.

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