Net income at the U.S. lender’s local securities subsidiary more than doubled to ¥45.6 billion in the year ended March 31 — the highest in at least seven years, filings show. https://www.japantimes.co.jp/business/2025/08/06/companies/foreign-banks-earnings/?utm_medium=Social&utm_source=mastodon #business #companies #banks #brokerages #jpmorgan #stocks #acquisitions
Mizuho Bank has hired Devendra Sharma from Mashreqbank to be its co-head of corporate banking in India, as the Japanese lender seeks to expand in the country. https://www.japantimes.co.jp/business/2025/08/05/companies/mizuho-india-head/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #india #banks
The combined net profits of Japan's five major banking groups rose 2.7% on the year in April-June due partly to growth in income from their lending operations reflecting interest rate hikes by the Bank of Japan. https://www.japantimes.co.jp/business/2025/08/05/companies/japan-banks-earnings-up/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mufg#sumitomomitsui #mizuho #donaldtrump #tariffs
The CEO of Japan’s largest bank has described September or October as "desirable" for the Bank of Japan to raise its policy rate, given the outlook for higher inflation in the country. https://www.japantimes.co.jp/business/2025/08/05/companies/mufg-rate-hike/?utm_medium=Social&utm_source=mastodon #business #companies #mufg #india #inflation #us #japaneseeconomy #tariffs #donaldtrump #boj #banks
Mizuho Financial Group has raised its profit forecast and Sumitomo Mitsui Financial Group’s earnings have exceeded expectations, as Japanese banks see tailwinds from rising interest rates and a clearer economic outlook. https://www.japantimes.co.jp/business/2025/07/31/companies/mizuho-profit-forecast-rise/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #banks#sumitomomitsui
Climate action is uneven, with capacity gaps and risks highlighting the need for inclusive minimum standards that all companies and countries can realistically meet for an effective global response. https://www.japantimes.co.jp/commentary/2025/07/27/japan/climate-disclosure-is-advancing/?utm_medium=Social&utm_source=mastodon #commentary #japan #banks #climatechange #environment
The government has notified municipalities and financial institutions that they are now allowed to use the savings of deceased people to cover burial or cremation fees without their heirs' consent. https://www.japantimes.co.jp/news/2025/07/27/japan/society/deceaseds-deposits-allowed/?utm_medium=Social&utm_source=mastodon #japan #society #elderly #banks
Mizuho CEO Masahiro Kihara signaled he is confident the Japanese lender can meet its long-term target of about ¥1 trillion in annual profit even as trade wars threaten to stifle growth. https://www.japantimes.co.jp/business/2025/07/15/companies/mizuho-financial-group-ceo-interview/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #banks #masahirokihara
One bank headquartered 90 minutes outside of Tokyo has come up with a way to tackle the talent shortage in the financial industry that has left even the biggest banks struggling to find experienced people. https://www.japantimes.co.jp/business/2025/07/08/companies/japan-regional-bank-higher-pay/?utm_medium=Social&utm_source=mastodon #business #companies #regionalbanks #banks #yamanashichuobank #wages
As U.S. President Donald Trump begins weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into a complication: It’s not clear Powell will leave the U.S. central bank next year. https://www.japantimes.co.jp/business/2025/07/05/economy/powell-silence-trump-frustration/?utm_medium=Social&utm_source=mastodon #business #economy #jeromepowell #donaldtrump #us #federalreserve #banks
Natixis has hired senior managers from JPMorgan Chase and Societe Generale for its new banking business in Japan, and plans to double Tokyo staff in coming years as it expands the operation. https://www.japantimes.co.jp/business/2025/07/01/companies/natixis-aim-double-staff/?utm_medium=Social&utm_source=mastodon #business #companies #natixis #banks #jpmorgan #societegenerale
ProPublica
boosted
How Foreign Scammers Use U.S. Banks to Fleece Americans
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Online scams conducted by Asian crime syndicates have reached industrial proportions, cheating victims around the world out of more than $44 billion a year. U.S. banks have been unable to stop them.
https://www.propublica.org/article/pig-butchering-scam-cybercrime-us-banks-money-laundering?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
How Foreign Scammers Use U.S. Banks to Fleece Americans
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Online scams conducted by Asian crime syndicates have reached industrial proportions, cheating victims around the world out of more than $44 billion a year. U.S. banks have been unable to stop them.
https://www.propublica.org/article/pig-butchering-scam-cybercrime-us-banks-money-laundering?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
After initially planning to end its debt repayment within several years from now, SBI Holdings now says it will complete repaying the public funds poured into its banking unit on July 31. https://www.japantimes.co.jp/business/2025/06/25/companies/sbi-repay-public-funds/?utm_medium=Social&utm_source=mastodon #business #companies #sbi #banks
Japan’s biggest banks are among the first global firms to evacuate employees from Dubai and other financial hubs in the Middle East, just days after U.S. airstrikes on Iran increased risks in the region. https://www.japantimes.co.jp/business/2025/06/23/companies/japan-banks-pull-staff-from-middle-east/?utm_medium=Social&utm_source=mastodon #business #companies #banks #middleeast #iran