TOKYO -- SBI Sumishin Net Bank on Wednesday became the first Japanese digital bank to go public, an indication that small online lenders now play a growing role in spreading embedded financial services, the use of stablecoins and other financial technologies.
Nomura Rates Traders Recouped Early Losses From Bank Turmoil
Troubles at Silicon Valley Bank and Credit Suisse Group AG triggered historic market moves during a period when Nomura pared back risk taking as per its typical year-end practice — a coincidence that may have helped the Japanese bank avoid the hits taken ...
CICC Hosts the China-Japan Finance and Economic Forum in Tokyo
BEIJING, March 29, 2023 /PRNewswire/ -- China International Capital Corporation ("CICC, 601995.SH, 3908.HK"), successfully held the China-Japan Finance and Economic Forum in Tokyo on 24 th March, 2023 ...
Japan’s Rakuten plans IPO of bank unit, offering seen at about $1 billion
The listing would help Rakuten secure funds following years of net losses from spending big on building its new mobile phone unit. Read more at straitstimes.com.
Asian stocks rally as banking anxiety eases; Alibaba surges
Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's stock soared on the internet behemoth's plans to split into six units.
‘New Fears’—Ripple’s XRP Braces After Bitcoin And Ethereum Binance Shock Triggers Crypto Price Chaos
XRP traders are braced for price volatility amid wild speculation about what the CFTC Binance lawsuit could mean for Ripple and ...
Sam Bankman-Fried accused of sending a $40 million crypto bribe to Chinese officials
Fried, the founder of the collapsed FTX cryptocurrency exchange, has been charged with yet another crime: bribery. In an indictment filed on Tuesday, the Department of Justice claims Bankman-Fried ...
Crypto Weekly: Watchdogs bite Binance
STORY: From U.S. regulators getting tough on exchanges, to why Lindsay Lohan is the latest celeb with crypto-regret, these are the week’s big stories in the world of alternative money.U.S. prosecutors ...
‘Dr. Doom’ economist Nouriel Roubini says the crypto industry is a ‘total criminal enterprise’ riddled with market manipulation
Nouriel Roubini took another jab at the crypto space on Twitter this week. "Constant market manipulation in crypto land," the famed economist said.
Disgraced crypto exec Sam Bankman-Fried faces new bribery charge and bail conditions
Embattled crypto executive Sam Bankman-Fried now faces a criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
Matt Damon: Crypto.com ads supported charity
Matt Damon says his high-profile 2021 Crypto.com TV ads helped support his nonprofit organization Water.org. He stars in Ben Affleck's new film "Air." (March 28) ...
Crypto Exchange Kraken and Formula One’s Williams Racing Team Up
Crypto exchange Kraken signed a multi-year global pact with Formula One team Williams Racing, marking the trading platform’s first major sponsorship deal even as sports tie-ups with digital-asset ...
U.S. FDIC tells Signature Bank’s crypto clients to close accounts by April 5
The U.S. Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank's crypto clients that they have until April 5 to close their accounts and move their money.The deposits in ...
US, Japan Strike Deal on Supply of Minerals for EV Batteries
The US agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks as President Joe Biden aims to counter China’s dominance of the electric vehicle ...
Asia markets set to trade mixed as investors watch Alibaba’s Asia shares
In Japan, the Nikkei futures contract in Chicago was at 27,330, while its counterpart in Osaka was at 27,250 against the Nikkei ... the Treasury Department's undersecretary for domestic finance, each ...
Japan enacts record-high budget amid political, public backlash to soaring defense outlays
From fiscal 2024 or later, meanwhile, a publicly-denounced hike of corporate and income tax, as well as an increase in tax of some consumer products, will be used to finance Japan's contentious ...