Mizuho sells ¥261 billion of AT1 bonds after Credit Suisse turmoil
The lender joined Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group in issuing AT1 bonds this year, while the market in Europe is only just reopening.
Mizuho on U.S. hiring spree with top 10 underwriting goal in sight
The Japanese bank’s U.S. unit plans to recruit more than 100 people for its investment banking and trading business by the end of March next year.
Xi’s central bank shakeup prioritizes continuity over big change
The Chinese leader's elevation of a long-serving technocrat as the bank’s top Communist Party official signals policymakers will avoid any drastic shifts for now.
Shareholder demands prompt Japan firms to seek investor relations talent
Under growing scrutiny, companies are turning to investment funds, banks and other financial firms to find people who can better communicate corporate strategy and capital allocation.
Japan's mega-bank CEOs paid less than global peers despite near-record profits
Japanese companies have traditionally seen compensation as a reward for rising successfully through the ranks, while paychecks elsewhere tend to reflect performance.
UBS looks to cut around 35,000 jobs after emergency takeover of Credit Suisse
The cull of staff will dramatically worsen what was already a dismal year for financial sector jobs worldwide.
Mizuho rolls out generative AI to all 45,000 bank staff in Japan
Already, managers and rank-and-file employees are submitting dozens of pitches for ways to harness the technology even before the software is installed.
Mitsubishi UFJ to buy Indonesian auto loan firm Mandala for $467 million
Japanese companies are expanding their footprint in Southeast Asia, hoping to capture an emerging middle class in a region with around 690 million people.
Russian war economy is awash with bags of cash kept out of banks
Russian mercenaries killed in Ukraine are inadvertently helping stoke a new cash boom at home in an unusual side effect of the war.
Japan’s biggest bank in talks to issue global stablecoins
MUFG is in discussions with multiple parties about using its blockchain platform, Progmat, to mint stablecoins tied to foreign currencies.
Japan's financial regulator sounds out top banks about China risks
The Financial Services Agency has asked whether they have plans in place if Sino-Western tensions escalate.
Fed chief dances between pause and hikes in communication two-step
The surprisingly high projections may reflect a return to the Fed’s strategy of cooling a resilient economy while slowing its tightening campaign.
