Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks need to cut costs more aggressively after efforts to expand revenue sources via expansion did not play out as expected. Some local lenders are thinking about closing branches or streamlining their organization and staff, as programs aimed at increasing revenue — the other side of the profitability equation — struggle to show results, according to bank officials…
Evergrande is not the only looming danger in China’s financial system

Evergrande is not the only looming danger in China’s financial system

SCARES ABOUT toxic debt are an ever-present feature of China’s economy. The latest involves Evergrande, a troubled developer that threatens to cripple the property sector. The firm also has tentacles that reach into the darkest corners of the Chinese financial system, wrapping around banks and shadow lenders. Yet even as Evergrande catches the eye, another risk is emerging: crony capitalism…
Japanese lenders drive Asian bank debt issuance to highest in 2021

Japanese lenders drive Asian bank debt issuance to highest in 2021

Asia-Pacific banks’ aggregate bond issuance in September surged to the highest monthly level so far in 2021, driven primarily by top Japanese lenders taking advantage of low borrowing costs. Banks in Asia-Pacific raised $25.60 billion in bonds in September, beating the previous monthly high of $25.45 billion in April, according to data compiled by S&P Global Market Intelligence. Japanese banks,…
Larry Summers warns global markets are bracing for Japan-style stagnation with central banks’ policy levers at risk

Larry Summers warns global markets are bracing for Japan-style stagnation with central banks’ policy levers at risk

Former US Treasury Secretary Larry Summers. AP Photo/Michel Euler Global financial markets are pricing in expectations of slow economic growth and low real interest rates, said Larry Summers, according to a Bloomberg report Wednesday. The former US Treasury Secretary warned that could suggest a return to “secular stagnation, or Japanization.” Japanization refers to conditions that have kept the Japanese economy…
Japanese bank chooses Delio to power expanded private markets offering

Japanese bank chooses Delio to power expanded private markets offering

Delio has been selected by Sumitomo Mitsui Trust Bank (Finance & Banking Trends) (SMTB) as the provider of a new digital platform that will accelerate the promotion and distribution of private market investment opportunities to the bank’s high-net-worth (HNW) and institutional clients.  The platform launch marks the start of a strategic partnership between Delio and SMTB and is a significant…
Japanese lenders drive Asian bank debt issuance to highest in 2021

Japanese lenders drive Asian bank debt issuance to highest in 2021

Asia-Pacific banks’ aggregate bond issuance in September surged to the highest monthly level so far in 2021, driven primarily by top Japanese lenders taking advantage of low borrowing costs. Banks in Asia-Pacific raised $25.60 billion in bonds in September, beating the previous monthly high of $25.45 billion in April, according to data compiled by S&P Global Market Intelligence. Japanese banks,…
Japanese lenders drive Asian bank debt issuance to highest in 2021

Japanese lenders drive Asian bank debt issuance to highest in 2021

Asia-Pacific banks’ aggregate bond issuance in September surged to the highest monthly level so far in 2021, driven primarily by top Japanese lenders taking advantage of low borrowing costs. Banks in Asia-Pacific raised $25.60 billion in bonds in September, beating the previous monthly high of $25.45 billion in April, according to data compiled by S&P Global Market Intelligence. Japanese banks,…
Mitsubishi UFJ may look at Japan, Vietnam bank stake sales after US exit

Mitsubishi UFJ may look at Japan, Vietnam bank stake sales after US exit

Mitsubishi UFJ Financial Group Inc. may follow the $8 billion planned sale of its U.S. retail banking arm with divestments at home and in Vietnam as Japan‘s largest megabank works to cut costs, stabilize risk assets and accelerate digitalization. The lender, also known as MUFG, will likely consider selling its at least 39.19% stake in Japanese regional lender The Chukyo…