SBI’s Shinsei bid lifts Japan financial shares on consolidation hopes

SBI’s Shinsei bid lifts Japan financial shares on consolidation hopes

By Hideyuki Sano 3 Min Read TOKYO (Reuters) – Japanese financial group SBI Holdings’s unsolicited bid for Shinsei Bank (Finance & Banking Trends) sparked a rally in Japanese financial shares on Friday on hopes it could accelerate further consolidation among struggling Japanese banks. FILE PHOTO: A woman walks past a logo of the Shinsei Bank (Finance & Banking Trends) at…
Japanese regional bank earnings may lose momentum as government support ends

Japanese regional bank earnings may lose momentum as government support ends

Japan‘s regional banks may not be able to sustain the spurt in their income seen in the April-to-June quarter as they need to step up provisioning for potential bad loans after a government support program ended. Japan‘s regional banks, such as The Bank (Finance & Banking Trends) of Kyoto Ltd. and Concordia Financial Group Ltd., are often the primary lenders…
Domestic Shinsei siege blooms from J.C. Flowers

Domestic Shinsei siege blooms from J.C. Flowers

SBI Holdings CEO Yoshitaka Kitao speaks during an interview with Reuters in Tokyo, Japan July 7, 2020. Picture taken July 7, 2020. REUTERS/Junko Fujita/File Photo – RC29MP9ZO5UG HONG KONG, Sept 10 (Reuters Breakingviews) – There’s a fresh sign that Japan’s shareholder spring is slowly blossoming. Online financial supermarket SBI (8473.T) has initiated a surprise siege at rival Shinsei Bank (Finance…
Costs of anti-terror measures weighing on Japan regional banks

Costs of anti-terror measures weighing on Japan regional banks

Many regional financial institutions in Japan have decided to raise fees on overseas remittance in order to cover the growing costs of anti-terrorist financing measures. Since the 2001 terrorist attacks on the United States, international efforts to monitor and combat money laundering and terrorist financing have been repeatedly strengthened. As a result, there has also been an increase in administrative…
After the ‘bazooka’, Bank of Japan dismantles the work of its radical chief

After the ‘bazooka’, Bank of Japan dismantles the work of its radical chief

After years of shock-and-awe stimulus, the Bank (Finance & Banking Trends) of Japan is quietly rolling back radical policies introduced by its bold chief Haruhiko Kuroda and pioneering controversial new measures that blur the lines between central banking and politics. The unwinding of Japan‘s complex policy is driven by Deputy Gov. Masayoshi Amamiya, insiders say, a career central banker considered…
Japanese regional bank earnings may lose momentum as government support ends

Japanese regional bank earnings may lose momentum as government support ends

Japan‘s regional banks may not be able to sustain the spurt in their income seen in the April-to-June quarter as they need to step up provisioning for potential bad loans after a government support program ended. Japan‘s regional banks, such as The Bank (Finance & Banking Trends) of Kyoto Ltd. and Concordia Financial Group Ltd., are often the primary lenders…
Japan’s Mizuho suffers another glitch hitting branches nationwide

Japan’s Mizuho suffers another glitch hitting branches nationwide

Mizuho Bank (Finance & Banking Trends)‘s signboard is pictured in Tokyo, Japan, Jan. 25, 2017. REUTERS/Kim Kyung-Hoon Glitch affected branches of banking, trust bank units Latest tech trouble at Japan‘s No.3 lender Bank (Finance & Banking Trends) touted tech investments before series of outages TOKYO, Aug 20 (Reuters) – Mizuho Financial Group’s (8411.T) main banking unit suffered a system glitch…
Iran urges Japan to release billions in blocked funds amid U.S. sanctions

Iran urges Japan to release billions in blocked funds amid U.S. sanctions

Iran’s Foreign Minister Mohammad Javad Zarif and Japanese Foreign Minister Toshimitsu Motegi ​bump elbows during a meeting in Tehran, Iran August 22, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS DUBAI, Aug 22 (Reuters) – Iran’s President Ebrahim Raisi called on Japan to release Iranian funds frozen in the country because of U.S. sanctions, Iranian state TV reported after…
After the “bazooka”, the Bank of Japan dismantles its radical chief’s work – Texas News Today

After the “bazooka”, the Bank of Japan dismantles its radical chief’s work – Texas News Today

File Photo: Bank (Finance & Banking Trends) of Japan President Haruhiko Kuroda attended a press conference held in Tokyo on January 21, 2020. REUTERS / Kim Kyung-Hoon / File Photo September 12, 2021 Reika Kihara Tokyo (Reuters) – A long-standing shock and awe-inspiring Bank (Finance & Banking Trends) of Japan, a controversy that quietly recedes the radical policies introduced by…