Taiga's Feed
Mar 24, 2014

Japanese banks to invest in $3 billion CVC Asia private equity fund

HONG KONG (Reuters) – Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Trust Bank said they have agreed to invest in CVC Capital Partners Ltd’s CVC.UL fourth Asian fund, which is seeking to raise around $3 billion.

The agreement is the first investment in a traditional private equity buyout fund for JBIC, and comes as Japanese banks and insurers increasingly look overseas for opportunities as they battle slow growth in their home markets.

Mar 13, 2014

Japan regional bank chief urges takeovers to secure future

TOKYO (Reuters) – Japan has too many regional banks, and they must consider consolidating in order to prosper as the nation’s population shrinks and deposits dwindle, a top regional banker said.

“Thinking long term, population decline is the biggest challenge,” said Masaaki Tani, chairman of the Regional Banks Association of Japan, which represents 64 of the 100 regional institutions.

Mar 4, 2014

Japan’s regional banks are urged to merge

TOKYO (Reuters) – Japanese regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside the nation’s major cities will leave lenders too weak to stand on their own.

After direct prodding from the head of the Financial Services Agency (FSA) for the more than 100 regional banks to slim down through mergers or takeovers, the regulator has set up meetings with regional bank presidents to grill them on their long-term business plans.

Mar 3, 2014

With too few borrowers, Japan’s regional banks are urged to merge

TOKYO (Reuters) – Japanese regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside the nation’s major cities will leave lenders too weak to stand on their own.

After direct prodding from the head of the Financial Services Agency (FSA) for the more than 100 regional banks to slim down through mergers or takeovers, the regulator has set up meetings with regional bank presidents to grill them on their long-term business plans.

Feb 3, 2014

Japan’s top three banks poised to benefit from spurt in domestic loan growth

TOKYO (Reuters) – Japan’s biggest banks, flush with cash from a year-long stock market rally, are poised to benefit this year from a spurt in loan growth at home fuelled by the economic stimulus measures of Prime Minister Shinzo Abe.

Mitsubishi UFJ Financial Group Inc (8306.T: Quote, Profile, Research, Stock Buzz), Mizuho Financial Group Inc (8411.T: Quote, Profile, Research, Stock Buzz) and Mitsui Sumitomo Financial Group Inc (8316.T: Quote, Profile, Research, Stock Buzz) all booked increased lending in the latest quarter, in a business that contracted before “Abenomics” kicked in at the beginning of 2013.

Feb 2, 2014

Japan’s Mizuho ups dividend, but Basel may dim megabank shareholder hopes

TOKYO, Feb 3 (Reuters) – Mizuho Financial Group is
raising its dividend payout as profits surge and other big
Japanese banks may follow suit, but the benefits to shareholders
may be short-lived.

Likely stricter capital rules in coming years may curb the
ability of Japan’s biggest banks to return more of the bounty to
investors.

Jan 31, 2014

Japan’s Mizuho Q3 profit falls 36 percent as stocks income drops

TOKYO (Reuters) – Mizuho Financial Group Inc (8411.T: Quote, Profile, Research, Stock Buzz) posted a 36 percent decline in October-December net profit as stock-related income fell from the end of 2012 when shares prices shot up ahead of the election of a pro-growth government.

The Japanese lender, like bigger rival Mitsubishi UFJ Financial Group Inc (8306.T: Quote, Profile, Research, Stock Buzz), has had a bumper year in its stock portfolio since Prime Minister Shinzo Abe campaigned for office promising to end a decade of deflation.

Jan 29, 2014

Japan’s SMFG sees bumper year after brushing off Q3 profit fall

TOKYO, Jan 29 (Reuters) – Sumitomo Mitsui Financial Group
Inc is on track to end a bumper year as a sustained
market rally lifts the bank’s stock portfolio, letting it brush
off a 9.3 percent profit fall in a third quarter absent of hefty
bond-trading gains.

Japan’s third-largest lender by assets and rivals Mitsubishi
UFJ Financial Group Inc and Mizuho Financial Group Inc
are widely expected to report their best year in terms
of combined profit since the financial year ended March 2006.

Jan 23, 2014

Mizuho shakes up management again after mob loan scandal

TOKYO, Jan 23 (Reuters) – Japan’s Mizuho Financial Group Inc
named a new head of its core lending unit on Thursday
in the latest shake-up of its management following a scandal
over loans to organised crime.

Japan’s second-biggest banking group said Vice President
Nobuhide Hayashi, 56, will take over as head of Mizuho Bank,
which handles retail and wholesale banking, effective April 1,
replacing Yasuhiro Sato.

Jan 15, 2014

In high spirits: Suntory deal boosts Morgan Stanley-MUFG tie-up

TOKYO/HONG KONG (Reuters) – A joint venture between U.S. investment bank Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) and Japan’s Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research, Stock Buzz), which suffered from a culture clash in its early stages, looks to have found its footing.

The venture, spawned from MUFG’s $9 billion investment in the Wall Street firm during the financial crisis, is a big winner from Suntory Holdings Ltd’s $13.6 billion deal this week to buy U.S. whiskey maker Beam Inc (BEAM.N: Quote, Profile, Research, Stock Buzz).