TOKYO Mitsubishi UFJ Financial Group Inc on Friday said it was replacing its CEO with its digital chief after one year, a rare move that illustrates the deepening urgency at Japan's biggest bank about the rise of fintech.
TOKYO The heads of Japan Post Holdings Co Ltd and two affiliates said on Friday they will resign over the improper sales of insurance policies, after the regulator announced administrative punishments against the companies.
TOKYO Nomura Holdings cannot escape an ageing society or low interest rates, but the Japanese investment bank might be able to wring more money out of advisory and underwriting as it grapples with the long-term "megatrends", its outgoing chief executive said.
TOKYO Japanese authorities arrested ruling party lawmaker Tsukasa Akimoto on Wednesday on suspicion of accepting bribes from a company interested in setting up a casino in Japan, Tokyo prosecutors said.
TOKYO SoftBank Group Corp's talks to secure $3 billion (2.3 billion pounds) from Japan's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork.
* Comes as government plans $10 bln sale of parent's shares
(Adds previous disclosure, Japan Post Bank disclosure,
government share sale, Nikkei report on improvement order,
TOKYO The brokerage arm of Japan's Sumitomo Mitsui Financial Group Inc is planning to start a wholly-owned firm in China, its chief executive said, as the country sets out to open up its vast financial sector in 2020.
TOKYO, Dec 13 Japan's Sumitomo Mitsui Financial
Group Inc (SMFG) plans to expand into brokerage and
consumer finance banking businesses in Asia to offset the impact
of slow economic growth at home, its chief executive told
TOKYO Japan's markets watchdog said on Tuesday it has recommended that Nissan Motor Co Ltd be fined about 2.4 billion yen (17.15 million pounds) over the underreporting of former chairman Carlos Ghosn's compensation.