The banks have entered a memorandum of understanding to integrate their businesses under a holding company structure on or around April 1, 2027. Read more
A divergence between the Fed and other central banks could stress dollar funding markets and make financing more expensive for less-developed countries. Read more
The government is looking to allow the police to set up bank accounts under false names to track the movement of funds obtained by fraudsters. Read more
The move is part of a government initiative to combat scams and fraud, the Financial Services Agency says. Read more
For an industry in the business of money, it sure has a funny way of ensuring its destruction. Read more
The Financial Services Agency is proposing, among others, barring the storage of cash and other items with high risk of being used for money laundering. Read more
Currently, banks voluntarily set the upper limit on cash withdrawals from ATMs at ¥500,000 per day, with no legal regulations. Read more
Katsunori Tanaka spent years at Goldman Sachs scrutinizing Japan’s biggest banks. Now at Ariake Capital, he obsesses over much smaller regional lenders. Read more
“We deeply apologize for causing anxiety and worry,” Japan Post Holdings Managing Executive Officer Miho Ichiki told a news conference. Read more
The bank, based in Charlotte, North Carolina, has about 800 employees in Japan. Read more
