Sunday, 20 May 2018

Bank strategy and results

A woman walks past a signboard of MUFG Bank in Tokyo, Japan.

Japan's MUFG revamps in global push

IFR 2234 19 May to 25 May 2018

Mitsubishi UFJ Financial Group will implement a major revamp as it looks to increase earnings from corporate and investment banking overseas by more than a half over the next three years.

Competition hits Commerzbank corporate banking profits

IFR 2234 19 May to 25 May 2018

Commerzbank blamed the competitive nature of German corporate banking for a 46% drop from a year earlier in operating profits to €145m in its corporate clients division during the first quarter.

Barclays activist urges trading shutdown

IFR 2234 19 May to 25 May 2018

Activist investor Edward Bramson is calling on Barclays to end the bulk of trading activities at its investment bank, in a radical plan to cut costs and boost returns at the British lender, three sources said.

A signboard for a Japan Post Bank Co ATM machine is pictured in Tokyo, Japan.

Japan Post Bank to diversify holdings

IFR 2234 19 May to 25 May 2018

Japan Post Bank, one of the country’s biggest institutional investors, with ¥207.7trn (US$1.89trn) under management, is to increase its allocation to credit and alternative investments in a bid to improve returns.