Japan

The bank suffered four glitches in a span of two weeks.

The bank suffered four glitches in a span of two weeks.

The failure has hurt the firm's credibility, it says.

Half of its ATMs in Japan shut down on 28 February despite a $3.7b system upgrade just two years ago.

The regulator is reportedly seeking to prevent a huge rise in bankruptices of businesses.

Banks can help ageing SME owners manage business risks, says Moody’s.

Asset management and fintechs with no registered office in Japan may apply.

It will issue sustainable bonds totalling $1.42b.

Pandemic-related fears is crippling away at cash payment’s dominance.

Doing so would simply increase speculative trading, he said.

MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.

The group’s earnings per share is at around 59 cents or ¥62.83.

The fall was blamed on rising credit-related costs.

MUFG Bank has appointed Rob Ward as its head of project finance and head of ESG finance, the latter being a newly-created role for the Oceania region, according to an announcement.

The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.

These platforms digitalise LC workflow and issuance.