May 8, 2009
Mizuho Securities Co., created Thursday through the merger of securities businesses affiliated with Japanâs second-largest bank by revenue, said it is seeking to open branches in emerging markets in Asia. Mizuho Securities aims to establish offices in Seoul, Ho Chi Minh City, Taipei and Malaysia to offer broking services for Japanese and Asian companies, and [...]
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March 18, 2009
The Bank of Japan (BOJ) said it may buy subordinated loans from banks for the first time to revive lending and replenish capital depleted by falling stock prices. The central bank is considering the purchase of up to Â¥1 trillion (US$10 billion) of the debt in an âexceptionalâ step, it said in a statement in [...]
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March 12, 2009
A share prices board in Tokyo on March 9. Japanâs financial regulator will make unprecedented inspections of banks to avert a loan drought that would increase bankruptcies, as real estate manager Pacific Holdings Co. collapsed after failing to raise funds. The Financial Services Agency will visit Japanâs biggest lenders, including Mitsubishi UFJ Financial Group Inc. [...]
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March 3, 2009
James M. Davis, the second-highest ranking executive at the Stanford Financial Group of companies, refused to cooperate in the US investigation of an alleged US$8 billion Ponzi scheme at the firms. âI hereby assert my privilege against self-incrimination under the Fifth Amendment of the US Constitution and decline to testify or provide an accounting,â Davis [...]
Tags: Allen Stanford, billion, companies, Davis, Davis And Stanford, financial, Financial Group, International Bank, Ponzi Scheme, Stanford, Stanford Financial, Stanford Financial Group, Stanford International, Stanford International Bank, The Sec
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February 18, 2009
VietNamNet Bridge – When the finance market was hot, businesses rushed to jump into finance investments. As the market has fallen, they have realized that they need to gather strength in key business fields. Enterprises have been asked to gather strength on main business fields instead of financial investmentsThe story of the Refrigeration Engineering Enterprise [...]
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