Japan

Nomura Holdings amends securities and financial reports

The amendments correct classification errors in its cash flow statements.

Mizuho appoints Yuta Hayashi as new group executive officer

Hayashi is also now the managing executive officer of Mizuho Bank.

Basel III to improve Japanese major financial groups’ profits

However, risk-weighted assets for the four FIs are expected to rise.

Mizuho reports 60% emissions cut, allocates $195b for sustainable finance

The bank now employs 1,650 sustainability management experts.

Mizuho and Lombard Odier ink sustainability alliance agreement

Lombard Odier will act as a strategic advisor and consulting partner to Mizuho.

MUFG issues apology after authorities recommend administrative action

Its two companies were accused of inappropriately sharing data between them.

Citi Commercial Bank targets mid-sized corporates in Japan

This follows CCB’s expansion in France and Ireland in 2023.

Japanese banks’ total assets total $9.12b in March

Deposits in domestic branches were at $6.32t as of end March 2024.

Nomura doubles top managers’ pay for FY2024: report

CEO Kentaro Okuda is amongst those who enjoyed higher compensation.

StashAway’s Hong Kong assets expand by 20% in Q1

Majority of their assets are from HNW and emerging HNW clients.

Norinchukin Bank’s profits up 24% to $405.7m for FY2023

Net gains from sales of securities jumped over 800% over the period.

Japan’s Norinchukin Bank proposes changes to board

One auditor, Masaki Ogata, is retiring on 21 June.

Japan’s Chugoku Bank maintains strong liquidity despite weak loans

Higher interest rates will help improve profitability, Moody’s said.

Japan’s SMBC bookmarks $64m for social value activities

The group has also established an investment fund.