Hideki Suzuki

1 week ago | japantimes.co.jp | Taiga Uranaka |Hideki Suzuki

Japan’s main bank industry group is urging its members to prevent customers from keeping cash and other high-risk items in safe-deposit boxes, following a series of thefts by employees. The Japanese Bankers Association (JBA) has revised its sample agreement to explicitly prohibit the storage of cash in safe-deposit boxes, it said on Thursday. Banks use the document as a model for their contracts with clients who use the service.

1 week ago | bloomberg.com | Taiga Uranaka |Hideki Suzuki

A safety deposit box(Bloomberg) -- Japan’s main bank industry group is urging its members to prevent customers from keeping cash and other high-risk items in safe deposit boxes, following a series of thefts by employees. The Japanese Bankers Association has revised its sample agreement to explicitly prohibit the storage of cash in safe deposit boxes, it said on Thursday. Banks use the document as a model for their contracts with clients who use the service.

1 week ago | bloomberg.com | Hideki Suzuki |Taiga Uranaka

Makoto Umemiya(Bloomberg) -- Orient Corp., a Japanese non-bank lender, is accelerating efforts to restructure its struggling overseas business with a focus on its unprofitable auto loan operations in Indonesia and Thailand. The Tokyo-based company, which like other Japanese financial firms is looking to expand abroad to tap into growing markets, established a subsidiary in Thailand in 2015 and took a stake in an Indonesian firm in 2021.

2 weeks ago | news.bloomberglaw.com | Baiju Kalesh |Manuel Baigorri |Hideki Suzuki

Mizuho Financial Group Inc. is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India. Executives are hammering out details of a transaction that could be finalized as soon as this month and value Avendus at about $800 million, including debt, the people said, asking not to be identified because the deliberations are private.

2 weeks ago | business-standard.com | Baiju Kalesh |Manuel Baigorri |Hideki Suzuki

Mizuho Financial Group Inc. is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India. Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million, including debt, the people said, asking not to be identified because the deliberations are private.