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May 22, 2024
 

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U S BANKS

BUSINESS / Economy
Dec 29, 2014
Regional banks face stress test for ultra-low rates
The Financial Services Agency has begun stress tests on regional banks to determine how much their earnings would suffer if long-term interest rates remain near record lows under the Bank of Japan's loose money policy, according to two sources with direct knowledge of the process.
BUSINESS / Economy
Dec 27, 2014
Falling oil prices pushing Russia toward recession
Slumping oil prices have put Russia's economy on course for a sharp recession next year, Finance Minister Anton Siluanov said Friday, as authorities scaled up their bailout for the first bank to succumb to the recent ruble crisis.
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 24, 2014
DBJ privatization delayed again in bid to underpin growth
The government will delay privatization of the Development Bank of Japan in an attempt to sustain the country's flagging economy, according to sources close to the matter.
JAPAN / Crime & Legal
Dec 22, 2014
'Furikome' transfer scam crackdown yielding results in Kyushu
In a joint effort to fight rampant "furikome" bank transfer scams targeting elderly people, the police, financial institutions and the Finance Ministry's branch in Fukuoka Prefecture have launched a system in which institutions alert the police each time a person aged 65 or older asks to make a withdrawal...
Japan Times
CULTURE / Art
Dec 18, 2014
'Captain Cook's Voyage and Banks' Florilegium'
As the finale of a series of shows commemorating Bunkamura The Museum's 25th anniversary, this exhibition features the florilegium works of Joseph Banks (1743-1820). Banks, a naturalist and botanist, was appointed as a member of the scientific expedition onboard Captain James Cook's HMS Endeavour. During...
Japan Times
BUSINESS / Economy / ANALYSIS
Dec 13, 2014
Wall Street scores in Washington, eyes more anti-reform victories
Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law.
BUSINESS
Dec 12, 2014
FSA to conduct on-site inspections of insurance agencies
The Financial Services Agency will conduct on-site inspections at about 10 agencies selling various insurance companies' products amid concerns that some agencies are leading customers to buy excessive coverage to earn higher commissions, sources said Thursday.
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.
BUSINESS / Economy
Dec 8, 2014
Lending data bucks recession with help from yen
Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession.
BUSINESS / Markets
Dec 2, 2014
Bank of Tokyo-Mitsubishi among Japan banks downgraded by Moody's
Mitsubishi UFJ Financial Group Inc.'s main banking unit was among five Japanese lenders downgraded by Moody's Investors Service after it cut the nation's credit rating.
BUSINESS / Tech
Nov 23, 2014
Hackers to probe cybercrime defenses at British banks
In the next few months, hackers will try to penetrate the cyberdefenses of Britain's major banks and steal information about millions of customers. But for once they will be welcome.
EDITORIALS
Nov 20, 2014
Another black eye for bankers
Bankers believe, with good cause, that they are too big to fail. The result is a belief in their own immunity and a culture of impunity that produces scandal after scandal.
BUSINESS / Companies
Nov 11, 2014
Tepco reportedly to seek ¥280 billion in new bank loans for next June
Tokyo Electric Power Co. is in talks with banks for ¥280 billion in new loans next June, two sources with knowledge of the matter said.
BUSINESS / Companies
Nov 11, 2014
Regional banks Higo, Kagoshima to merge in 2015
Regional lenders Kagoshima Bank and Higo Bank have agreed to merge next year to tackle the intensifying competition, shrinking population and economic stagnation afflicting the industry.
WORLD
Nov 11, 2014
U.S. veterans sue banks, claiming they should pay over Iran funds used in Iraq attacks
Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks.
Japan Times
BUSINESS / Companies
Nov 8, 2014
Two banks emerge as potential buyers of Citigroup Japan units
Citigroup Inc. has held the second round of an auction to sell its retail and credit card businesses in Japan, apparently short-listing two domestic banks, sources close to the matter said.
BUSINESS
Nov 7, 2014
First-half profits of five major Japan banks expected to be down 10%
The overall first-half profits of Japan's five major banking groups is expected to be down about 10 percent from a year earlier, hurt by weaker loan demand amid slower economic growth in the country, sources close to the matter said Friday.
BUSINESS / Companies
Nov 7, 2014
Higo and Kagoshima banks talk of merger
Higo Bank and Kagoshima Bank are finalizing talks on a merger, officials said on Friday, amid broader realignment moves in the regional banking sector.
BUSINESS
Nov 7, 2014
Japan banker hopes for small-town encore with 'curtain call' loans
While rival banks sit on their deposits, frustrating the government efforts to reflate a stagnant economy, regional banker Takashi Tsuchiya will write you a loan to close your business or end your marriage.
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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