Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme.
Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme.
The Wakkanai Shinkin Bank headquarters. Photographer: Taiga Uranaka/Bloomberg
Sumitomo Mitsui Financial Group Inc. shares tumbled the most in almost a year after its banking subsidiary was reported to have a big exposure to Market Financial Solutions Ltd., whose collapse in the UK has hit several financial firms.
Sumitomo Mitsui Financial Group Inc. shares tumbled the most in almost a year after its banking subsidiary was reported to have a big exposure to Market Financial Solutions Ltd., whose collapse in the UK has hit several financial firms.
The logo of SMBC Nikko Securities Inc., a unit of Sumitomo Mitsui Financial Group Inc., outside its head office in Tokyo, Japan, on Thursday, Oct. 14, 2021. The Bank of Japan and Financial Services Agency are assessing if local financial institutions have any remaining Libor-linked contracts that will be difficult to shift to alternative interest rates before the benchmark expires. Photographer: Toru Hanai/Bloomberg
One of Japan’s largest regional banks is testing the country’s choppy bond market by investing in shorter-term notes to secure higher returns, while avoiding longer-dated securities as interest rates rise.
One of Japan’s largest regional banks is testing the country’s choppy bond market by investing in shorter-term notes to secure higher returns, while avoiding longer-dated securities as interest rates rise.
Mitsubishi UFJ Financial Group Inc. plans to hire bankers to arrange financing deals for data centers as Japan’s biggest bank jumps on the artificial intelligence boom.
Mitsubishi UFJ Financial Group Inc. plans to hire bankers to arrange financing deals for data centers as Japan’s biggest bank jumps on the artificial intelligence boom.
Mizuho Financial Group Inc. is bolstering efforts to expand its corporate and institutional banking business in Europe and Asia, pursuing a growth strategy that’s diverging from its Japanese peers.
Mizuho Financial Group Inc. is bolstering efforts to expand its corporate and institutional banking business in Europe and Asia, pursuing a growth strategy that’s diverging from its Japanese peers.
Masahiro Kihara on Nov. 14. Photographer: Kiyoshi Ota/Bloomberg
Junichi Hanzawa, the next chief executive officer of Mitsubishi UFJ Financial Group Inc., will take the reins of Japan’s largest bank as it rakes in record profits. His challenge will be sustaining that growth beyond the windfall of rising interest rates.
Junichi Hanzawa, the next chief executive officer of Mitsubishi UFJ Financial Group Inc., will take the reins of Japan’s largest bank as it rakes in record profits. His challenge will be sustaining that growth beyond the windfall of rising interest rates.
Mizuho Financial Group Inc.’s chief executive officer expressed optimism that momentum in investment banking will continue both at home and in the US, where Japan’s third-biggest lender has been expanding.
Mizuho Financial Group Inc.’s chief executive officer expressed optimism that momentum in investment banking will continue both at home and in the US, where Japan’s third-biggest lender has been expanding.
Three decades after a bad debt crisis in Japan forced a wave of mergers that created its mega lenders, the focus now is on consolidation in the nation’s $3 trillion regional banking industry.
Three decades after a bad debt crisis in Japan forced a wave of mergers that created its mega lenders, the focus now is on consolidation in the nation’s $3 trillion regional banking industry.
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