Japan
Mizuho appoints new GM for US corporate finance
Andrew Dewing is General Manager of its US Corporate Finance Division.
SMBC dumps Barclays holdings
Says divestiture will improve its "capital efficiency".
Japan to extend RE loans to Costa Rica
Loans to help Costa Rica become carbon neutral by 2021.
Japanese megabanks predict lower profits this year
Says monetary easing made loans less profitable.
SMBC launches commercial banking business in India
Says it was encouraged by India’s high growth potential.
Sumitomo Mitsui to open bank branch in Perth
Expansion into Western Australia driven by need to support Japanese firms.
MUFG acquires Deutsche Bank real estate subsidiary
Japan's largest financial group buys US$3.7 billion loan portfolio of UnionBanCal.
Japanese Big Three megabanks aiding Myanmar
Provide assistance to government agencies and others on managing infrastructure loans.
Japanese mega banks' capital positions comparable to their global peers
But their liquidity positions are stronger.
BTMU loans US$2 billion to US offshore wind farm
The Cape Wind Project is the first offshore wind energy project in the USA.
MUFJ makes a play for Thailand's Bank of Ayudhya
Japan’s largest banking group intends to take over Thailand’s fifth largest bank.
Masayoshi Amamiya retained at BOJ
Mastermind of Japan’s quantitative easing to continue drafting monetary policy.
Why MUFG, SMFG, Mizuho need not worry about liquidity stress
They have low dependence on confidence-sensitive market funding.
Find out what supports Japanese mega banks' overseas operations
Foreign-currency liquidity and certificates of deposit are on the list.
Mizuho Financial Group eyes ~US$5.8b base profit
Find out why this is 'bullish and ambitious'.
SMBC Consumer Finance to open 4 Chinese offices
Its consumer loan unit intends to open the branches in the next three years. Sumitomo Mitsui Financial Group, Inc. wants to focus its capital on China, where it already has a presence. It already has offices in Shenyang and Shenzhen and is to open a third in Tianjin. SMBC Consumer Finance’s subsidiaries in Shenyang and Shenzhen have 13 branches in both cities. It expects the number of Chinese outlets to increase to 70 after it opens the additional offices. SMBC Consumer Finance, which was created after Sumitomo Mitsui made Promise Compabt a wholly owned subsidiary in 2012, is expanding in faster-growing foreign markets as deflation crimps borrowing in Japan. Lending outstanding in China, Hong Kong and Thailand came to US$235 million as of Dec. 31, some 3% of SMBC Consumer Finance’s total loan amount of US$8 billion. Sumitomo Mitsui Chief Executive Officer Koichi Miyata recently said that consumer finance is one of the strengths of the Tokyo-based bank, Japan’s second largest by market value.
Commentary
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future
Empowering green growth through sustainable finance in Bangladesh