Bank strategy and results
JP Morgan outperformed expectations in the second quarter as trading revenue and capital markets activity soared.
Mitsubishi UFJ Financial Group is making a big bet on commercial banking in South-East Asia to fuel its international expansion as it edges closer to increasing its stake in Indonesia’s Bank Danamon.
Japan’s biggest pension fund channelled more money into riskier credit investments during the last fiscal year, adding exposure to Venezuela, Iraq and casino operators while cutting back on US Treasuries and yen bonds.
Global banks clung on to their share of Asia investment banking revenues in the first half of 2017 after the worst second quarter in four years for overall fees.