Japan
Japan’s second largest lender posts jaw dropping loss
Japan’s second largest lender posts jaw dropping loss
Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets.
Mizuho's 9-month net profit down 35.8% to $3.6B
Mizuho Financial Group's net profit in the April-December 2011 period went down by 35.8 percent to US$3.6 billion.
Japanese invade Aussie banking industry
Three of Japan’s largest banks have begun a campaign to conquer at least 10% of Australia’s lucrative banking industry.
HSBC seen to sell its Japan retail-banking unit
Sources said HSBC Premier could be shut if offers aren’t attractive.
Japanese banks fearful of sanctions on Iran
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.
Japanese banks take IMF stress tests to counter future failure
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese banks.
IMF to test Japanese banks' vulnerability to govt bonds
The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government bonds.
Japanese banks on M&A binge in Europe
The strong yen is making Europe a profitable hunting ground for leading Japanese banks bent on mergers & acquisitions.
Sumitomo Mitsui banks on U.S. Treasuries for profits
Running short of viable investment options, Japan’s Sumitomo Mitsui Financial Group will continue investing in U.S. Treasuries to boost profits.
Mizuho to increase overseas branches from 33 to 50
The lender also plans to buy an investment bank in Asia.
Sumitomo Mitsui Financial Group to buy European lenders' assets
Japan's second biggest bank received $90b in offers from European banks.
HSBC sells private banking unit in Japan to Credit Suisse
This is part of HSBC's strategy to cut $3.5b annual costs.
HSBC to sell its Japanese private banking business
But to which company will HSBC be selling it to?
Will UBS and Citigroup be punished in Japan?
Their employees allegedly asked bankers to change rates they submit for setting Tibor to gain an advantage.
Citigroup seeks Japanese to head Japan ops
Citibank Japan head Darren Buckley may step down as soon as regulators prepare to punish the bank for the third time since 2004.
Nomura Holdings slashes EU assets by 83%
The debt crisis caused Japan’s largest brokerage to reduce its assets in Italy.
Bank of China opens Kobe, Japan branch
Nank of China opened its its sixth branch in Japan in Kobe.
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