Top executives at Prudential Financial Inc.'s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers' money. President Hiromitsu Tokumaru and two others will take a 30% reductio... See more
Japan's two largest securities firms expect the country's stock market rally to extend well into 2027, even as a potential reversal in artificial intelligence investment looms as the primary threat. 'Markets, stock prices and corporate earnings are all be... See more
Top executives at Prudential Financial's Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers' money. President Hiromitsu Tokumaru and two others will take a 30% reduction in ... See more
(Oct 2): Three regional lenders in northern Japan are set to begin talks on a merger that would create the area’s largest banking group, a fresh sign that industry consolidation is gaining momentum as the population declines. Aomori Michinoku Bank Ltd, Ba... See more
(Sept 25): Japan’s Financial Services Agency (FSA) is stepping up its scrutiny of financing for AI data centres by the country’s biggest banks and life insurers, as major financial institutions increase their exposure to the rapidly expanding sector. The ... See more
