Nojima

Business / Corporate May 16, 2019

Suruga Bank says fraudulent housing loans could top ¥1 trillion

Suruga Bank said Wednesday it has extended over ¥1 trillion ($9.1 billion) in confirmed and suspected fraudulent housing loans. In an attempt to restore trust among investors and clients following revelations last year of a spate of financing scandals, the regional lender also said it ...

Business / Corporate May 14, 2019

Embattled Japanese regional lender Suruga reportedly to tie up with Shinsei Bank

Struggling regional lender Suruga Bank is seeking support from Shinsei Bank, according to sources with knowledge of the matter. A comprehensive tie-up between the two, including a capital partnership, will be announced as soon as Wednesday, the sources said Monday. The tie-up is expected to help ...