Tag - banks

 
 

BANKS

BUSINESS / Companies
Apr 26, 2014
U.S. expands probe into banks' hiring
U.S. government agencies that have been probing banks' hiring of the children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with the matter said.
EDITORIALS
Apr 12, 2014
Temp workers turn to unions
When more than 5,000 nonregular workers at the Bank of Tokyo-Mitsubishi UFJ were allowed to join its labor union, it marked a first for nonregular workers at a major Japanese bank.
BUSINESS / Companies
Apr 9, 2014
Banks sue Olympus for ¥27.9 billion over fraud
Olympus Corp. said Wednesday it's being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
BUSINESS / Companies
Mar 26, 2014
Sumitomo Mitsui reportedly to hire four ex-UBS employees for equities
Sumitomo Mitsui Financial Group Inc. will hire four former UBS AG employees to expand its Japan equity business, according to a source.
BUSINESS / Tech / FOCUS
Mar 21, 2014
Is bitcoin start of a financial revolution?
Bitcoin may not be the messiah of a new currency its hard-core fans yearn for, but it may herald the deeper financial revolution the Internet has been waiting for.
Japan Times
BUSINESS / Companies
Mar 14, 2014
Automakers luring Japan's interest-hungry banks to Mexico
Investments by Honda Motor Co. and Nissan Motor Co. that look set to make Mexico the biggest car exporter to the U.S. are giving Japanese banks a chance to escape from the world's lowest yields.
BUSINESS
Mar 4, 2014
Regional banks face growing pressure to merge
Regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside Japan's major cities will leave lenders too weak to stand on their own.
BUSINESS / Companies
Feb 4, 2014
Banks' record earnings mask actual profit prospects
The nation's biggest banks, poised to achieve record annual earnings after last year's stock market surge, may still disappoint investors as the equity rally fades, leaving them reliant on a lending recovery for profit.
Japan Times
BUSINESS
Dec 23, 2013
How the Federal Reserve was created
A century ago this week, Congress passed the Federal Reserve Act, creating a central bank for a nation that was only beginning its economic ascendance. This is the story of how it came to be, from a nearly catastrophic financial panic to secret meetings of plutocrats on the Georgia coast to the pitched...
BUSINESS / Companies
Dec 13, 2013
Sumitomo Mitsui to buy U.S. rail car lease firm
Sumitomo Mitsui Financial Group Inc. has agreed to buy railroad car-leasing company Flagship Rail Services LLC from a unit of Perella Weinberg Partners.
BUSINESS / YEN FOR LIVING
Dec 10, 2013
For customers of Japan's biggest bank, it's about to become harder to avoid fees
Banking at convenience stores will soon be more expensive.
COMMENTARY / World
Nov 24, 2013
Why banks shouldn't be blamed for the recession
Banks didn't cause — and shouldn't be punished for — the recession.
Japan Times
BUSINESS / Companies
Nov 15, 2013
Mitsubishi UFJ, Mizuho bump up profit goals
Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. raised their full-year profit goals after the economic revival spurred lending and an equity rally boosted fees and the value of their shareholdings.
Japan Times
BUSINESS
Nov 14, 2013
Mizuho group raises profit forecast by 20%
Mizuho Financial Group Inc. raised its full-year profit forecast 20 percent as the stock market rally spurred fee income and the value of its share-holdings.
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.

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.