Investment

Citibank cut out

Published online only

Source: Operational Risk & Regulation

The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the...

Operational Risk & Regulation | 19 Jan 2005  

Japan's four major banks post losses of $31bn for 2002

Published online only

Source: Operational Risk & Regulation

Japan's four largest banks have posted a combined ¥3.61 trillion ($30.9 billion) in losses for the 2002 financial year, following larger-than-expected losses in their cross-equity holdings amid slump in the country’s equity markets and their ongoing...

Operational Risk & Regulation | 27 May 2003  

Credit Derivatives

Japan’s four major banks post losses of $31bn for 2002

Published online only

Source: Risk magazine

Japan’s four largest banks have posted a combined ¥3.61 trillion ($30.9 billion) in losses for the 2002 financial year, following larger-than-expected losses in their cross-equity holdings amid slump in the country’s equity markets and their ongoing...

Risk magazine | 27 May 2003  

Wholesale

BTM transfers derivatives teams to securities house

Published online only

Source: Risk magazine

Japan’s Bank of Tokyo-Mitsubishi (BTM) is in the process of transferring its derivatives operations to its newly formed securities house subsidiary, Mitsubishi Securities, in an attempt to provide a wider array of structured products to investors.

Cash Bonds

Japan Credit Markets Update: New convertible issues push spreads wider

Published online only

Source: Risk magazine

Convertible bond issues by Japan’s largest leasing company, Orix, and its biggest trading house, Mitsubishi, drove Japanese credit default swap spreads wider this week in an otherwise quiet market.

Cash Bonds

Japan resumes NPLs reduction drive

Published online only

Source: Risk magazine

The Resolution and Collection Corporation (RCC), entrusted by the Japanese government to help reduce Japanese banks’ major non-performing loan (NPL) problems, has concluded its first securitisation deal this year. An RCC spokesperson said the transaction,...