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May 22, 2024
 

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U S BANKS

BUSINESS / Companies
May 1, 2015
Resona group banks to give pay raises for first time in 20 years
Resona Holdings Inc. has decided to raise wages for workers in nonmanagerial posts at its banks by 1 percent or more on average from July in the first wage hike in 20 years, company officials said.
BUSINESS / Companies
Apr 27, 2015
Mizuho agrees to buy additional loans from RBS for $500 million
Mizuho Financial Group Inc., the nation's third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad.
EDITORIALS
Apr 23, 2015
New opportunities for banks
Business opportunities for banks are set to expand under planned deregulation.
BUSINESS / Companies
Apr 23, 2015
Sharp's ¥200 billion bailout approved by Mizuho, BTMU
Sharp Corp. has effectively been given the green light to receive ¥200 billion ($1.7 billion) in financial support from its two main creditor banks on condition it engages in more drastic restructuring, sources close to the matter said Thursday.
BUSINESS / Companies
Apr 21, 2015
GE said to be in talks with Blackstone, Mitsubishi on sale of assets
General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter.
BUSINESS
Apr 17, 2015
Aso says AIIB would benefit from partnership with other lenders
The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso.
BUSINESS
Apr 17, 2015
Emerging economies hail new China-led investment bank
A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank.
BUSINESS
Apr 16, 2015
Analyst examines double mystery: Why BOJ's stock rallies boost Japanese megabanks
Katsuhito Sasajima is looking into a double mystery. Why is the Bank of Japan's stock rising and why do the shares of the mega-banks usually follow?
BUSINESS / Companies
Apr 16, 2015
Sharp eyeing ¥200 billion bailout: source
The loss-making company will also pledge to scale back its North American TV operations and cut around 5,000 jobs, or 10 percent of its global workforce, a source said.
BUSINESS / Economy
Apr 12, 2015
China-led AIIB will be lean, clean and green, its chief says
The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution.
JAPAN / Crime & Legal
Apr 11, 2015
New virus directly targeting ATMs likely headed for Japan: Interpol
Banks in several countries have been hit by a new form of financial cyberattack, in which a virus alters banks' computer systems to allow cash withdrawals from automated teller machines to users without an account, Interpol officials said Saturday.
BUSINESS
Apr 10, 2015
AIIB on agenda of Japan-U.S. summit
Japan and the United States plan to reaffirm the need to ensure fair governance and transparent management in a China-led regional development bank during summit talks between their leaders in Washington later this month, diplomatic sources said.
ASIA PACIFIC
Apr 9, 2015
Japanese Banks outmuscle Chinese on overseas expansion, IMF says
Japanese banks have been more aggressive than their Chinese peers in expanding abroad since the global financial crisis, the International Monetary Fund said in a report that also highlighted differences in their approaches.
BUSINESS / Companies
Apr 8, 2015
Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion
Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC's Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, according to a person with knowledge of...
BUSINESS / Companies
Apr 6, 2015
SMBC Trust to absorb Citi's retail business in Japan on Nov. 1
Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1.
Japan Times
BUSINESS / Economy
Apr 1, 2015
Japanese banks oppose stricter capital rules for interest-rate risk
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders require to withstand an increase in interest rates, the new chief of the country's bank lobby said.
BUSINESS
Mar 30, 2015
Flush with cash from would-be pilgrims, Indonesia's Islamic banks expect lending to rise
Flush with cash transfers from the state-controlled Hajj fund, Indonesia's Islamic banks expect loan growth to triple in 2015.
Japan Times
WORLD / Politics
Mar 28, 2015
Upset by Warren's calls for break-ups, U.S. banks debate halting some Senate campaign donations
Big Wall Street banks are so upset with Democratic Sen. Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources said.
Japan Times
BUSINESS / Companies
Mar 26, 2015
Mizuho seeks to build on No. 1 M&A rank by hiring bankers abroad
Mizuho Financial Group Inc., which vaulted to the top spot among Japan's merger advisers this year by working with Japan Post Holdings Co. and Itochu Corp., plans to build on that position by hiring bankers in the United States and Asia.
BUSINESS / Economy
Mar 18, 2015
In development bank battle, surge to China rattles Japan, U.S.
Tokyo is expressing doubts over the credibility of China's planned development bank, as European nations seek to join the new institution.
Why half of Japan's cities are at risk of disappearing in 100 years
A couple looks out onto the Fukuoka nightscape. Due to its distance from Tokyo and its close proximity to South Korea and China, professor Tomoya Mori believes that Fukuoka is one of the few metropolitan regions of Japan that will see some form of growth in the decades to come.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
America wasn’t made for walking, and it’s killing them
A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
Japan concerned over U.S. officials' remarks on atomic bombings
U.S. Sen. Lindsey Graham speaks to reporters during a news conference in Washington on Thursday.
Rare sequel to 'My Neighbor Totoro' to play at Cannes
A screening of "Mei and the Baby Cat Bus," which is being billed as a "mini-sequel" to the Studio Ghibli classic "My Neighbor Totoro," is set to take place at the Cannes Film Festival on Monday.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
The politicians moving Japan forward on climate
While not the most outspoken politician on the issue, digital minister Taro Kono has a track record of being serious in his commitment to addressing the climate crisis.
Morning-after pill buyers back prescription-free sales following trial
Some 2,181 morning-after pills were sold at 145 pharmacies across the nation, with Tokyo and Kanagawa Prefecture recording over 200 sales each.
Want to be a voice actor? Stay 'true to the character'
SungWon Cho is a veteran with more than 10 years of experience portraying characters in anime, cartoons and video games.
Local theater in Japan is more than a hobby — it’s a community
Japan Times contributor Laura Pollacco (front right) was offered the role of one of her all-time favorite heroines, Elizabeth “Lizzie” Bennet, in the Tokyo International Players’ production of “Pride and Prejudice.”

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