Japan
SMBC terminates capital alliance with Vietnam Eximbank
SMBC terminates capital alliance with Vietnam Eximbank
It will liquidate its entire equity ownership in the bank.
Nomura eyes $1b potential revenue boost from equities, wealth: report
CEO Kentaro Okuda said that it needs to raise revenues in these businesses to boost Nomura’s returns.
Sumitomo Mitsui securities unit suspended from block trading for 3 months
SMBC Nikko employees were suspected of conducting illegal stabilization transactions.
Mizuho Securities buys 19.99% of Rakuten Securities’ common stock
The two have also signed a shareholder agreement.
Why Sustainable Finance Matters More than Ever
Despite global headwinds, innovative and sustainable investment options are key to building a more resilient future.
Japan’s fintech funding on track to extend four year decline streak in 2022
The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.
Earnings remain key weakness of Japanese banks: Fitch
Impact of rising interest rates in the US will be mixed, the ratings agency said.
Mizuho Bank charged $6.75b negative interest rate by BOJ
This is the first time in 7 months that a megabank was charged.
MUFG Bank launches branch in India’s GIFT City
The bank now has six branches throughout India.
Japan bank lending up 1.8% to record $4.36t in July: report
Companies are borrowing money due to the rising costs of raw materials, an official said.
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
Japan fintech investments fall to five-year low in Q1
There were only eight investment transactions during the quarter.
Mizuho taps Deloitte partner as new exec, deputy compliance officer
The appointments are effective 1 June.
The Invoice Data Exchange Accelerates SME Banking Innovation
Innovation opportunities for payment digitalization in Japan.
Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak
The bank has the strongest capitalization amongst regional banks in Japan.
MUFG Bank joins think tank for CO2 and storage capture tech
CCS is expected to play a role in reducing CO2 emissions in the world.
Mizuho submits business improvement plan following tech failures
Mizuho most recently saw disruptions to its corporate online bank services on 11 January.