Japan

SMBC, Nomura to issue digital bond with new settlement scheme

SMBC, Nomura to issue digital bond with new settlement scheme

They are also working on a proof of concept for settlement of securities using digital currency.

Nomura setting up fourth banking division

Regulatory authorities likely guided it to set up a separate banking division.

Nomura Securities establishes Sustainable Innovation Investment Scheme

It will provide financial advice and financial services to support transition and innovation.

Smartpay, Chubb launch embedded insurance in Japan

Cashless payments account for 50% of consumer monthly spending in Japan.

Nomura’s profitability, earnings stability strengthen through 2025

Enhanced risk management will reduce risk of losses and earnings volatility.

MUFG Bank to invest in life sciences investment fund

The fund aims to establish startups as well as develop and launch new drugs.

Norinchukin names new CEO, establishes new senior director roles

Its research and asset management leaders are nominated as Director and Senior Managing Officers.

Mizuho Bank, GenZero ink MOU for transition credit-use

They aim to develop capital raising mechanisms that use the credits.

Sumitomo Mitsui unveil Grantee Introduction Services

Customers will be connected to entities and institutions that support education.

Norinchukin Bank enhances CET-1, Tier 2 capital

The move comes with “strong support” from its member cooperatives, the Japanese bank said.

Mizuho’s profits tripled in 9M FY2024

Consolidated gross profits rose 288.9% thanks to the rate hike and NII growth.

Aozora Bank's Q3 profit soars 90.2% to ¥90.2b

Thanks to the improvement in net interest income.

AEON Bank told to improve measures against money laundering and terrorism financing

Japan's FSA suspected the bank of having left 14,369 transactions unaccounted for.