Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks’ holdings of domestic government bonds could increase for the second straight year following the recent hawkish turn of the U.S. Federal Reserve and continued growth of yen deposits. Some lenders in the world’s third-largest economy started stocking up on 20-year Japanese government bonds, or JGBs, as the yield rose past 0.41% in late August, analysts said. That was…
Foreign banks are retreating from the U.S. MUFG is only the latest.

Foreign banks are retreating from the U.S. MUFG is only the latest.

Amid rising competition and revenue challenges, foreign banks are looking hard at their U.S. operations and asking: Should we stay or should we go? Since November, three have decided to go, at least partially, pulling the plug on their U.S. retail banking businesses while leaving intact other parts of their stateside operations. On Tuesday, Japanese banking giant Mitsubishi UFJ Financial…
Japan regulator steps in to fix Mizuho’s computer flaws

Japan regulator steps in to fix Mizuho’s computer flaws

A pedestrian is reflected in a sign showing the logo of Japan‘s Mizuho Financial Group Inc outside the bank’s headquarters in Tokyo, Japan, May 15, 2015. REUTERS/Yuya Shino FSA to take role in helping Mizuho with system Technical problems persisted despite overhaul Regulator will not directly manage tech system TOKYO, Sept 22 (Reuters) – Japan‘s banking regulator will take a…
Top Japanese banks have long way to go to become as efficient as Asian peers

Top Japanese banks have long way to go to become as efficient as Asian peers

Major Japanese banks will need to consider expanding their income streams more aggressively, as years of cost cutting have yet to improve their efficiency to match their peers in the Asia-Pacific region. Among the 39 largest Asia-Pacific banks by assets, six of the 10 least efficient lenders were Japanese, despite significant year-over-year declines in their cost-to-income ratios for the quarter…
Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks’ holdings of domestic government bonds could increase for the second straight year following the recent hawkish turn of the U.S. Federal Reserve and continued growth of yen deposits. Some lenders in the world’s third-largest economy started stocking up on 20-year Japanese government bonds, or JGBs, as the yield rose past 0.41% in late August, analysts said. That was…
Valley National buying Bank Leumi USA for $1.15 billion

Valley National buying Bank Leumi USA for $1.15 billion

For the second time this week, a regional U.S. banking company has struck a deal to acquire the U.S. arm of a foreign-owned bank. Early Thursday, Valley National Bancorp in New York announced that it is buying Bank (Finance & Banking Trends) Leumi USA, a unit of Bank (Finance & Banking Trends) Leumi Le-Israel Corp., for about $1.15 billion in…
Top Japanese banks have long way to go to become as efficient as Asian peers

Top Japanese banks have long way to go to become as efficient as Asian peers

Major Japanese banks will need to consider expanding their income streams more aggressively, as years of cost cutting have yet to improve their efficiency to match their peers in the Asia-Pacific region. Among the 39 largest Asia-Pacific banks by assets, six of the 10 least efficient lenders were Japanese, despite significant year-over-year declines in their cost-to-income ratios for the quarter…
Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks’ holdings of domestic government bonds could increase for the second straight year following the recent hawkish turn of the U.S. Federal Reserve and continued growth of yen deposits. Some lenders in the world’s third-largest economy started stocking up on 20-year Japanese government bonds, or JGBs, as the yield rose past 0.41% in late August, analysts said. That was…
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…