HONG KONG/TOKYO (Reuters) – Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc’s debt crisis.

While all eyes have been trained on Chinese institutions as potential buyers, cashed-up Japanese banks are emerging as the more likely suitors to pan for golden assets in the debt mess.

HONG KONG/TOKYO (Reuters) – Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc’s debt crisis.

While all eyes have been trained on Chinese institutions as potential buyers, cashed-up Japanese banks are emerging as the more likely suitors to pan for golden assets in the debt mess.

TOKYO (Reuters) – Lenders will confront Japan’s Olympus Corp next week to demand an explanation for an accounting scandal engulfing the firm, a banking source said on Friday, though he denied reports that they intended to seek more security over their loans.

The disgraced maker of cameras and medical equipment faces being delisted from the stock market, and is being investigated by police and regulators, after it admitted this week to hiding investment losses for decades and using part of $1.3 billion in M&A payments to aid the cover-up.

NEW YORK/TOKYO (Reuters) – Olympus Corp’s use of accounting tricks to hide big losses has raised questions about whether its auditors, the Japanese arms of global giants KPMG and Ernst & Young, should have done more to follow up on red flags.

The Japanese maker of cameras and medical equipment shocked investors on Tuesday, admitting it had used payments to merger advisors and venture capital funds to cover up securities losses dating back decades.

NEW YORK/TOKYO (Reuters) – Olympus Corp’s use of accounting tricks to hide big losses has raised questions about whether its auditors, the Japanese arms of global giants KPMG and Ernst & Young, should have done more to follow up on red flags.

The Japanese maker of cameras and medical equipment shocked investors on Tuesday, admitting it had used payments to merger advisors and venture capital funds to cover up securities losses dating back decades.

TOKYO, Oct 28 (Reuters) – Sumitomo Mitsui Financial Group
said on Friday its net profit for the April-September
first-half is likely nearly double its previous forecast thanks
to reduced credit costs.

Japan’s third-largest lender by assets had forecast a sharp
fall in profits for the current year through March in the
absence of the hefty bond trading gains it enjoyed the previous
year.

TOKYO, Oct 26 (Reuters) – Olympus Corp head
Tsuyoshi Kikukawa resigned on Wednesday after a scandal over
hefty advisory fees wiped out half of the 92-year-old firm’s
market value while his successor stuck with the company’s line
that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was
looking into past Olympus takeover deals, focusing on whether
it has properly disclosed relevant information.

TOKYO (Reuters) – Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was looking into past Olympus takeover deals, focusing on whether it has properly disclosed relevant information.

TOKYO (Reuters) – Olympus Corp head Tsuyoshi Kikukawa resigned Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was looking into past Olympus takeover deals, focussing on whether it has properly disclosed relevant information.

TOKYO, Oct 26 (Reuters) – Olympus Corp head
Tsuyoshi Kikukawa resigned on Wednesday after a scandal over
hefty advisory fees wiped out half of the 92-year-old firm’s
market value, but his successor stuck with the company’s line
that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was
looking into past Olympus takeover deals, focusing on whether it
has properly disclosed relevant information.