White House investigating loans to Jared Kushner's business: official

Business Mar 27, 2018

White House investigating loans to Jared Kushner's business: official

The White House is investigating whether two loans totaling more than $500 million to the family real estate business of U.S. President Donald Trump's son-in-law and senior adviser Jared Kushner violated any criminal laws or regulations, according to the U.S. Office of Government Ethics. Democratic ...

FSA to probe card loan biz as personal bankruptcies climb

Business Aug 31, 2017

FSA to probe card loan biz as personal bankruptcies climb

The nation's financial services regulator is expected to open a special investigation into the banking industry's card loan business this month in response to criticism that increased lending is contributing to a rise in personal bankruptcies, sources said. The Financial Services Agency will look into ...

Shoko Chukin Bank reprimanded over shady loans

Business / Corporate May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade and ...

Return-starved mega-banks boost lending 25% in Australia

Business / Economy Nov 9, 2015

Return-starved mega-banks boost lending 25% in Australia

The nation's biggest banks are looking to get more bang for their buck Down Under, expanding loans in Australia 25 percent in the past year. With interest rates near zero at home, Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial ...