Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Advertise Your Business Here
  • LendingUP! Turning Loans Around
  • IFINTEC Finance Technologies Conference and Exhibition, 21-22 April 2020
  • Advertise With Us!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

JBIC inks $43bn credit line pact with Japan banks

The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas.

The step is part of the government's overall $100 billion program announced in August to encourage corporations to swap yen reserves for dollar holdings.

The Ministry of Finance hopes its program could be a catalyst for billion-dollar purchases of companies overseas, as well as energy-, resources related assets abroad. The state-owned JBIC runs the program using the government's special foreign exchange account.

JBIC said it has allocated $15 billion worth credit line to the Bank of Tokyo-Mitsubishi UFJ, a core part of Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Banking Corp., a unit of Sumitomo Mitsui Financial Group Inc., and Mizuho Corporate Bank of Mizuho Financial Group Inc. each are assigned $14 billion credit lines.

Source: Nikkei
Date: 05.10.2011 [307]

Financial and Banking News
 Banks may need political help to survive Big Tech

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the "real game changer." 09.12.2019 | Source: Bloomberg

 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 📰 News Archive

2019 © Global Bank Directory | Rus