Japan Post Bank broke rules with sales of investment trust products to thousands of seniors
Japan Post Bank improperly sold investment trust products to elderly customers in violation of its rules in a total of some 20,000 cases, sources have revealed. An investigation by the unit of Japan Post Holdings Co. newly identified some 2,000 cases of improper sales of ...
Japan Post Bank to cap overseas remittances to ¥5 million a day to tackle money laundering
Japan Post Bank Co. and Japan Post Co. will limit the amount of funds that can be sent via their overseas bank transfer service to tackle money laundering. Overseas remittances will be limited to ¥5 million per day. The move is aimed at preventing illegal ...
Japan Post Bank to cap international transfers to counter money laundering
Japan Post Bank Co. plans to set a limit on over-the-counter international cash transfers of ¥5 million ($46,000) to combat money laundering, sources close to the matter said Tuesday. Japan Post Bank, with around 120 million account holders, the most among domestic banks, currently has ...
Japan Post to sell up to 30% of outstanding shares in its insurance unit
Japan Post Holdings Co. said Thursday that it will sell up to 30 percent of its outstanding shares in subsidiary Japan Post Insurance Co. by the end of this month. The value of the sale of up to 185 million shares will reach ¥440 billion ...
Japan Post Bank to double savings cap to ¥26 million starting Monday
Japan Post Bank will raise the cap on its yūcho postal savings Monday to ¥26 million per customer, up from ¥13 million. The cap will be set at ¥13 million each for ordinary and time savings accounts, for a total of ¥26 million. It will be ...
Government panel proposes raising deposit ceiling at Japan Post Bank
A government panel in charge of postal privatization proposed in a report Wednesday that the deposit ceiling at Japan Post Bank Co. be raised to ¥26 million ($235,000) from ¥13 million. The proposal is prompting concerns that the state-backed bank could gain an unfair advantage ...
Limit on savings at Japan Post Bank will be doubled to ¥26 million
The limit will jump to ¥26 million per depositor as long as Japan Post commits to slashing the government’s ownership equity in gigantic Japan Post Bank, sources said.
The worst-ever start to a year for stock markets and oil's historic slump have not deterred Japan's postal savings bank, which is preparing to shift more of its $1.8 trillion portfolio into equities and alternative assets. Japan Post Bank Co. will start investing in shares ...
New 'whale' to make splash in Tokyo markets as Japan Post sells bonds
As the world's biggest pension fund nears the end of its switch from sovereign bonds into stocks, investors are looking at Japan Post Bank Co. as the next actor big enough to move markets. The postal lender, the biggest holder of Japanese government bonds after ...
LDP endorses raising cap on private deposits at Japan Post Bank
The Liberal Democratic Party on Friday endorsed a proposal by a party panel to raise a limit on deposits at state-backed Japan Post Bank to ¥30 million per person from ¥10 million at present, party officials said. The party's decision-making General Council approved the proposal ...
