Japan
SMFG’s profit rose 28.72% to $6.04b in H1 FY2025
SMFG’s profit rose 28.72% to $6.04b in H1 FY2025
Its comprehensive income more than doubled during the period.
8 hours ago
Mizuho Financial Group’s profit up 21.8% to $4.46b in H1 FY2025
Its comprehensive income rose 42.8% although ordinary income was 5.4% lower.
8 hours ago
Foreign institutions pursue market entry as Japan strengthens fintech rules
Reliability defines Japan’s fintech advantage in Asia
3 days ago
Nomura Holdings’ net income up 17.5% to $700.2m in H1 FY2025
Its total revenue fell, but net income was higher.
Mizuho Bank names new global transaction banking head
Hidekatsu Take will remain head of global corporate & investment banking.
MUFG sets up equity fund to invest in middle, late-stage startups in Japan
Japanese startups struggle to achieve sufficient growth due to lack of support.
State Street completes transfer of Mizuho’s $850b custody business
Mizuho will collaborate with State Street for global custody and related services.
SMBC Group, Jefferies to establish wholesale equities business in Japan
SMBC is also increasing its investment in Jefferies to up to 20%.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
Japan's first stablecoin unlikely to affect gov't bond demand
But it might lead to a boost in annual JGBs by around $1.88b.
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
SMBC invests in fusion energy start-up
It aims to accelerate the establishment of fusion power reactors’ supply chains.
MUFG Bank invests in LayerX
The two first entered into a business alliance in 2024.
SMBC Aviation Capital joins holding company acquiring Air Lease Corporation
SMBC Aviation Capital will have a 4.99% equity interest in the holding company.
Higher interest rates, fees lifts MUFG’s profitability
Earnings contribution from subsidiary banks will also support its profitability.
Indonesians can now pay with national standard QR in Japan
They can use QRIS to pay in Japanese merchants scanning the JPQR.
SMBC builds Africa presence with four new collaborations
It aims to support trade and investment, financing, and alleviate food shortages, it said.
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1. Finance leaders flag governance risks with fast growing fintech systems 2. Why AI governance is a key priority for financial institutions 3. Foreign institutions pursue market entry as Japan strengthens fintech rules 4. Payment leaders push for interoperability to solve SME cash flow 5. UOB CEO calls for banks, fintechs, regulators to align on AI standards and trustResource Center
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