Tag - sumitomo-mitsui

 
 

SUMITOMO MITSUI

Japan Times
BUSINESS / Companies
Mar 24, 2018
Mega-banks to slash new hires in spring 2019 as ultralow interest rates take toll
Japan's three mega-banking groups plan to hire fewer new graduates in April 2019, it was learned Saturday.
Japan Times
BUSINESS / Companies
Nov 10, 2017
Japan's biggest banks prepare for massive downsizing and cost overhauls
Years of shrinking interest rates, demographic challenges and threats from rapidly advancing technology are finally coming to a head at Japan's biggest banks as they prepare to eliminate thousands of positions and downsize branches.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Companies
Mar 25, 2016
Thanks to negative rate, Japanese borrower can buy Dom Perignon after debt sale
By selling commercial paper at negative interest rates, a Japanese leasing company will get paid enough money to buy a bottle of Dom Perignon Rose Vintage 2004 if it wants.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
BUSINESS / Companies
Aug 31, 2015
Sumitomo Mitsui zeros in on U.S. 'fintech' sector
Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments.
BUSINESS
Jul 27, 2015
Japan banks likely to report gains in fees, overseas lending: analysts
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
BUSINESS / Companies
Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail.
Japan Times
BUSINESS / Markets
Jul 2, 2015
Mega-banks plan riskier bond sales up to ¥4 trillion
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk.
Japan Times
BUSINESS / Companies
Dec 25, 2014
Sumitomo Mitsui to hire foreign managers in global push
Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion.
BUSINESS
Dec 9, 2014
Sumitomo Mitsui reportedly to buy Citigroup's Japan bank
Sumitomo Mitsui Financial Group Inc. will announce an agreement to buy Citigroup Inc.'s Japanese consumer-banking business as soon as next week, sources with knowledge of the matter said.
COMMUNITY / How-tos / LIFELINES
Nov 2, 2014
Closing a bank account from outside Japan; a new way to pay NHK
Advice on closing a bank account from abroad, and how you could lump your NHK fees together with cable TV payments.
Japan Times
BUSINESS / ANALYSIS
Aug 28, 2014
Megabanks break glass ceiling for foreign managers
Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit.
Japan Times
BUSINESS / Companies
Jul 31, 2014
Mitsubishi UFJ profit falls less than estimated on lending, fees
Mitsubishi UFJ Financial Group Inc., the nation's biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown.
BUSINESS / Companies
Jul 1, 2014
Banks OK multibillion-yen loans for Oita and Iwate biomass plant projects
Sumitomo Mitsui Banking Corp. and partners will provide a ¥6.3 billion loan for a biomass plant developed by a unit of First Energy Service Co.
Japan Times
BUSINESS / Companies
Mar 27, 2014
SMBC ups pay for first time in 19 years
Sumitomo Mitsui Financial Group Inc.'s lending unit has agreed to raise salaries for the first time in 19 years as an economic recovery spurs profit at Japan's second-largest bank by market value.
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.

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