Japan

SMFG raises 2014 profit forecast by 29%

First-half earnings climb to a record.

SMFG raises 2014 profit forecast by 29%

First-half earnings climb to a record.

Yakuza loan scandal widens

Shinsei Bank admits doing business with mobsters.

Mizuho to punish bank executives over loans to gangsters

Scandal taints group president Yasuhiro Sato.

Japanese banks get tougher on gangster money

Team-up with police to share information.

BTMU to promote investment in Vietnam province

Believes Dong Nai has huge potential for attracting investment.

Japan’s monetary base hits record high

Rose 43% on Japan’s monetary easing.

Jiro Seguchi named sole head of Bank of America Merrill Lynch investment banking

Seguchi, currently co-head of Asia Pacific Global Corporate & Investment Banking (GCIB), the company’s investment banking business in Asia Pacific, will move from Tokyo to Hong Kong, said Reuters.

Mizuho Bank warned not to do business with the yakuza

Government says bank not doing enough to stop this.

Japan and Turkmenistan sign banking cooperation agreement

Agreement will also contribute to the economic development of Turkmenistan.

BTMU to operate in Turkey

Receives government approval to open branch.

UBS Japan fined US$100 million over LIBOR fixing

US says UBS traders wanted to get rich quick.