Japan

Mizuho names new president and CEO for trust banking arm

Kenichi Sasada was head of the asset management division and real estate unit.

SMFG profits up 3.5% to $5.3b

An earnings per share of approximately $4 has been announced for the period.

Mizuho names crisis chief for specialty assigned matters

The position change is effective on 29 January.

MUFG aims to double asset management exposure to JPY200t by 2029

The bank has outlined growth plans to grow its AM business.

Mizuho aims to join “trillion dollar club” in asset management: report

The bank is reportedly in talks with overseas asset managers for deals.

MUFJ to buy Aussie pension company Link Group

The Japanese banking giant is acquiring 100% of issued shares of Link Group.

Mizuho introduces new medium-term targets for financed emmissions

The new targets are in the automotive and maritime transport sectors.

Norinchukin Bank outlook negative amidst rising unrealized losses: Moody’s

The losses should reverse in 2024 as interest rates begin to decline, the ratings agency said.

JCB enables Korean payments for Smart Code merchants

This is expected to help the millions of yearly Korean visitors going to Japan.

Shinhan Bank Japan’s profits to decline, but asset quality stable in 2024

Loan concentration in the real estate investment segment remains a risk.

Mizuho completes acquisition of US investment bank Greenhill

Greenhill is bringing its over 370 employees in the acquisition.

Japan’s SMFG names Toru Nakashima as CEO

Nakashima retired from SMBC in April 2022, but returned to the company in 2023.

Japan’s Mizuho invests in SG-based carbon exchange CIX

CIX will use the funding to build out its existing platforms and deepen offerings.

Japan’s Mizuho Bank sees profits rise 24.4% in H1

Full year dividend is expected to be JPY100 for 2023.