Toyota and Mazda look to integrate automobile loan units

Business / Corporate Oct 23, 2018

Toyota and Mazda look to integrate automobile loan units

Toyota Motor Corp. and Mazda Motor Corp. are considering integrating their automobile sales loan businesses in a deeper capital tie-up to cut costs amid the shrinking domestic market, sources close to the matter said Tuesday. Toyota Finance Corp. will enter talks to obtain a 51 ...

Clouds lifting for Japan's banks as negative rates stay put

Business / Corporate Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from a ...