Japan
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
Japan’s new PM a positive for banks’ earnings outlook: Jefferies
Banks’ credit costs are expected to undershoot their guidance.
Japan’s Mizuho suffers nationwide ATM glitch
This follows a series of technical problems since Friday.
Mizuho, IFC inks MOU to establish carbon facility
It will facilitate the purchase and sale of voluntary carbon credits.
Japan’s bank lending slowest in nine years: report
The slowdown reflects sluggish consumption as households hoard cash.
Japanese corporates’ loan demand shrunk in April-June: survey
Thirteen lenders noted that demand was moderately weaker than the preceding 3-month period.
Goldman Sachs Japan gearing up for move to new Tokyo HQ: report
This is in line with CEO David Solomin’s commitment to return to the office.
Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021
Easing of restrictions, government support, and the Olympics will support growth.
Alternative Benchmarks for the New Normal
Latest Trends in LIBOR Transitions in Japan
Olympics, improving economy to push Japan card payments up by 9.5%
Card payments in Japan are expected to reach $1.1t by 2024.
MUFG grants $50m loan to California’s largest hydrogen fuel station business
FEF operates more than half of the US state’s hydrogen stations.
Japanese banks' risk controls under test following Archegos fallout
After Nomura and MUFG, other banks are likely to announce losses related to the US investment firm.
Japanese bank’s risk controls under test following Archegos fallout
After Nomura and MUFG, other banks are likely to announce losses related to the US investment firm.
Sumitomo Mitsui Banking Corp, JICA launch sustainable finance framework
The framework will apply to overseas co-finance loans.
Japan's financial firms face activist climate votes as AGMs near
Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.
Mergers imminent amongst Japan's regional banks: study
Ultralow rates, competition will hurt profits to the point where revenue no longer covers operating expenses.
Japan's financial firms face activist climate votes as AGMs near
Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.