Japan
Mitsubishi UFJ Financial Group subsidiary boosts HRtech through AI
They aim to achieve this through a strategic partnership with venture company ExaWizards.
Mitsubishi UFJ Financial Group subsidiary boosts HRtech through AI
They aim to achieve this through a strategic partnership with venture company ExaWizards.
Japanese banks' US dollar assets balloon 88% to $2.5t in 2017
They have become the most significant, non-US dollar banking player in terms of size.
Lower core lending and fees hit Japanese regional banks' profits
Japan’s rapidly ageing population is eliminating opportunities for banks to grow their loan portfolios.
Japan Bank Consortium to launch blockchain-powered app for domestic payments
“MoneyTap” will be available to their users 24/7.
Mizuho to axe a quarter of its workforce over 10 years
Lending profit already dropped 2.8% in the fiscal second quarter.
Japanese banks could maintain CET1 ratios of around 10%: Moody's
Capital accumulation could support credit profiles amidst weak profitability.
Bank of Tokyo-Mitsubishi UFJ appoints Andre Painchaud as head of internal audit and credit examination
Mitsubishi UFJ Financial Group, Inc.’s (MUFG) banking entity, The Bank of Tokyo-Mitsubishi UFJ, Ltd. has appointed Mr. Andre S. Painchaud as General Manager of Internal Audit and Credit Examination Division (Singapore) and Credit Examination Office (Singapore).
Japanese megabanks to save US$2.9b from staff reduction plans
Rising payroll expenses were a key drag on the banks’ financial performance.
What could drag the Japanese banks' strengthening capitalisation?
It's a continued shift toward assets with higher risk weights.
Japanese megabanks' overseas asset risks escalate
More than 70% of the banks' overseas loans were to non-Japanese clients.
Japanese banks' profitability to deteriorate at a slower pace
The gap between interest rates on existing loans and those on new loans is narrowing.
Digital transformation: A new shape of core banking
Customer expectations for financial and banking services are rising at an ever faster rate. The approaches of banks are increasingly framed in black and white terms of good and bad. Banks found wanting or less than desirable are abandoned like sinking ships as customers take their transactions and businesses to more preferred institutions. Digital has made it simpler for customers to move their business to a different bank at the same time that it has made it possible for “undesirable” transaction business reviews to be disseminated nearly instantaneously — and as negative customer experiences can be shared in the blink of an eye, analog banks risk being left behind in the dust of the new digital era.
Mizuho eyes growing its cross-border transaction business by $100b
The bank hopes for a 20% boost in forex volume with the push into transaction businesses.
Barclays boosts investment banking ops in Japan, hires more bankers and salesmen
The bank eyes hiring more than 10 bankers.
Sumitomo Mitsui to open office in Frankfurt office
The bank is avoiding Brexit 'disruption'.
Two regional Japanese banks' merger to be delayed as monopoly concerns rise
The merger involves Fukuoka Financial Group and local rival Eighteenth Bank.
Sumitomo Mitsui Financial Group hit by negative rates and shrinking margins
Profits could be slashed by up to $900,000 over the next three years.