Japan’s three biggest banks led by Sumitomo Mitsui Financial Group Inc. forecast earnings will decline this year as monetary easing makes loans less profitable even as borrowing picks up amid an economic recovery.
Japan’s new bank lobby chief urged Prime Minister Shinzo Abe to follow through on his pledge of sparking private investment through deregulation, a stimulus element the group says is key to boosting anemic loan demand.
Mizuho Financial Group Inc. named Yasuhiro Sato as chief executive officer and will combine some functions at its corporate, retail and trust units after a computer systems failure angered depositors and regulators.
Mizuho Financial Group Inc. , Japan’s third-largest bank by market value, may seek to buy investment advisory firms in Asia with BlackRock Inc. after purchasing a stake in the world’s biggest asset manager last year.
Indian Prime Minister Manmohan Singh’s cabinet unveiled a second wave of policy changes intended to bolster a slumping economy as he seeks to restore faith in his leadership and establish a platform for his party less than two years before the next general election.
Mizuho Financial Group Inc. Chief Executive Officer Yasuhiro Sato will meet with counterparts from seven Asian lenders in Tokyo today for talks on how they might ally to win more bond business in the region, said two people with knowledge of the meeting.