Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese banks, especially regional lenders, may continue to battle low profitability amid falling interest rates that are already among the lowest in the world, according to S&P Global Ratings analysts. Japan‘s short-term rates are now at -0.1%, making it the only Asian economy to have a negative interest rate since its introduction in January 2016. Long-term rates are at zero.…
Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group’s bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo Q1 net profit at 383.1 bln yen vs 183.5 bln year earlier Credit costs at 5.1 bln yen vs 145 bln yen year earlier Keeps full-year net profit forecast at 850 bln yen TOKYO, Aug…
Japanese bank MUFG unveils hybrid working scheme for European staff

Japanese bank MUFG unveils hybrid working scheme for European staff

Investment banking The Japanese bank follows European rivals with hybrid working as Wall Street pushes for office return MUFG has followed European rivals with hybrid working Akio Kon/Getty Images Tuesday August 3, 2021 1:03 pm Japanese bank MUFG is rolling out hybrid working for its staff in Europe after nearly 100% of its employees in the region worked from home…
Japanese bank MUFG unveils hybrid working scheme for European staff

Japanese bank MUFG unveils hybrid working scheme for European staff

Investment banking The Japanese bank follows European rivals with hybrid working as Wall Street pushes for office return MUFG has followed European rivals with hybrid working Akio Kon/Getty Images Tuesday August 3, 2021 1:03 pm Japanese bank MUFG is rolling out hybrid working for its staff in Europe after nearly 100% of its employees in the region worked from home…
Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group’s bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo Q1 net profit at 383.1 bln yen vs 183.5 bln year earlier Credit costs at 5.1 bln yen vs 145 bln yen year earlier Keeps full-year net profit forecast at 850 bln yen TOKYO, Aug…
Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese banks, especially regional lenders, may continue to battle low profitability amid falling interest rates that are already among the lowest in the world, according to S&P Global Ratings analysts. Japan‘s short-term rates are now at -0.1%, making it the only Asian economy to have a negative interest rate since its introduction in January 2016. Long-term rates are at zero.…
Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese banks, especially regional lenders, may continue to battle low profitability amid falling interest rates that are already among the lowest in the world, according to S&P Global Ratings analysts. Japan‘s short-term rates are now at -0.1%, making it the only Asian economy to have a negative interest rate since its introduction in January 2016. Long-term rates are at zero.…
UPDATE 1-Japan’s SMFG Q1 profit more than doubles as credit costs drop

UPDATE 1-Japan’s SMFG Q1 profit more than doubles as credit costs drop

By Reuters Staff 2 Min Read * First quarter net profit at 203.2 bln yen * Credit costs at 10.3 bln yen vs 114.8 bln yen year earlier * Keeps full-year net profit forecast at 600 bln yen (Adds further earnings figures, context) TOKYO, July 30 (Reuters) – Sumitomo Mitsui Financial Group Inc (SMFG) on Friday reported more than doubled…