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Banking In Japan
The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite corporate and government securities, and deal in securities markets; capital markets, which offer the means to finance public and private debt and to sell residual corporate ownership; and money markets, which offer banks a source of liquidity and provide the Bank of Japan with a tool to implement monetary policy. Banks Japan's traditional banking system was segmented into clearly defined components in the late 1980s: commercial banks (thirteen major and sixty-four smaller regional banks), long-term credit banks (seven), trust banks (seven), mutual loan and savings banks (sixty-nine), and v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanwa Bank
The was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It resulted from the merger of three local banks, (est. 1877 as 13th National Bank), (est. 1878), and (est. 1879 as 148th National Bank). In 2002, Sanwa Bank merged with Tokai Bank and Toyo Trust and Banking to form UFJ Bank, itself a predecessor entity of Mitsubishi UFJ Financial Group. Overview Sanwa was formed by the 1933 merger of three Osaka-based banks. The oldest of these banks, Kōnoike Bank, dated its operations back to 1656, when the Kōnoike family of Osaka established a money exchange business. The exchange was chartered to provide services for the Tokugawa shogunate in 1670. In 1877, it was awarded a national bank charter. By the 1930s, Kōnoike was unable to compete with larger banks tied to ''zaibatsu'' conglomerates, so it merged with the Sanjushi Bank and Yamaguchi Bank. It became the largest bank in Japan in terms of assets during the years prior to World War II. Dur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salomon Brothers
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five List of investment banks, largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street". Salomon Brothers served many of the largest corporations in America. It was a leading underwriter of corporate bonds and one of the top firms in futures and options (known as "derivatives") and in securitization in a range of asset classes including commercial real estate securities. The bank was famed for its "cutthroat corporate culture that rewarded risk-taking with massive bonuses, punishing poor results with a swift boot." In Michael Lewis' 1989 book ''Liar's Poker'', the insider descriptions of life at Salomon gave way to the popular view of banking in the 1980s and 1990s as a money-focused an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merrill Lynch
Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place (New York City), Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial advisors and manages $2.8 trillion in client assets ($3.4 trillion for Global Wealth and Investment Management). The company also operates Merrill Edge, a division for investment and related services, including call center counsultancy. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the 2008 f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yamaichi Securities
was a Japanese securities trading firm. The company announced it would cease operations on November 24, 1997 and was declared bankrupt by the Tokyo District Court on June 2, 1999. History Yamaichi, formed in 1897, was at one time one of the four major Japanese brokerages. Its clients were major Japanese corporations. In the boom of the 1980s it was given specified sums of money by 10 of its clients to invest as it saw fit. A sharp downturn in the early 1990s and poor dealings by Yamaichi generated losses of more than 200 billion yen. Fearing the demise of the firm through loss of reputation that would result if the scale of losses became known, the brokerage shouldered the loss of its clients, and moved it off balance sheet. Yamaichi sold in a private placement Touchwood Pacific Partners limited partnership to about 50 Japanese institutional or private investors in the amount of $191 million in 1990 for The Walt Disney Company film production. ''Tobashi'' and collapse In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SMBC Nikko Securities
SMBC Nikko Securities Inc. (SMBC日興証券株式会社) is a securities firm in Japan which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 2009 and is headquartered in Tokyo, Japan. It is a wholly owned subsidiary of the Sumitomo Mitsui Financial Group. It is the third largest securities brokerage firm in Japan. History The origins of SMBC Nikko Securities can be traced back to a company named Kawashimaya Shoten (川島屋商店) which was formed in July 1918 by Genichi Toyama. It was formed to buy and sell stocks and bonds. In 1920, the firm was created out of the securities department of the Industrial Bank of Japan and incorporated as a stock company. In 1939, Kawashimaya Shoten spun off its securities division forming Kawashimaya Securities. In 1943, Kawashimaya Securities absorbed Kawashimaya Shoten. In 1944, Kawashimaya Securities and Nikko Securities merged, and the resulting company used the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daiwa Securities Group
is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment banking services in Japan, as well as ''Daiwa Capital Markets'', the firm's international investment banking arm (with a presence across Asia, Europe and North America) that provides M&A advisory, sales and trading services in a variety of financial products to corporate and institutional clients. Other group companies provide asset management, research and private equity fund services. The company is the fourth largest shareholder in SL Green Realty. History Daiwa Securities SB Capital Markets The company was founded in 1999 as Daiwa Securities SB Capital Markets Co. Ltd., a joint venture between Daiwa Securities Group (Daiwa) and Sumitomo Bank (SB). It was renamed in 2001 to Daiwa Securities SMBC Co. Ltd., after Sumitomo Bank merged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nomura Securities Co
Nomura (written: 野村 "field village" or 埜村 "wilderness village") is a Japanese surname. Notable people with the surname include: * , Japanese volleyball player * , Japanese-American baseball agent * , Japanese voice actor, including in the manga series '' Living for the Day After Tomorrow'' * , Japanese baseball player and coach * , Japanese baseball player and manager * , Japanese D1 Grand Prix Driver * , Japanese voice actor * Kenjiro Nomura (other), multiple people * , Japanese admiral in the Imperial Japanese Navy and the ambassador to the United States until the attack on Pearl Harbor * , pen-name of Japanese writer Osakazu Nomura, a novelist and music critic in Showa period Japan * , Japanese writer, actor, radio personality, book editor, interior designer, creative director, and DJ * , Japanese actress * Mary Nomura (born 1925), Japanese-American singer, "the songbird of Manzanar" * , Japanese-American biochemist who made seminal contributions in the fiel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time Deposit
A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from ''at call deposits'', such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty. Deposits that require notice of withdrawal to be given are effectively time deposits, though they do not have a fixed maturity date. Unlike a certificate of deposit and bonds, a time deposit is generally not negotiable; it is not transferable by the depositor, so that depositors need to deal with the financial institution when they need to prematurely cash out of the deposit. Time deposits enable the bank to invest the funds in higher-earning financial products. In some countries, including the United States, time deposits are not subject to the banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Fund Bureau
Trust often refers to: * Trust (social science), confidence in or dependence on a person or quality It may also refer to: Business and law * Trust (law), a legal relationship in which one person holds property for another's benefit * Trust (business), the combination of several businesses under the same management to prevent competition * Investment trust, a form of investment fund Arts, entertainment, and media * The Trust, a fictional entity in the ''Stargate'' franchise * Trust, a computer in '' Raised by Wolves'' * ''Trust'' (novel), 2022 novel by Hernan Diaz * ''Trust'' (magazine), a free tri-annual investment trust magazine Films * ''The Trust'' (1915 film), a lost silent drama film * ''Trust'' (1976 film), a Finnish-Soviet historical drama * ''Trust'' (1990 film), a dark romantic comedy * ''The Trust'' (1993 film), an American drama about a murder in 1900 * ''Trust'' (1999 film), a British television crime drama * ''Trust'', a 2009 film starring Jamie Luner and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan Post
was a Japanese statutory corporation that existed from 2003 to 2007, offering postal and package delivery services, Retail banking, banking services, and life insurance. It is the nation's largest employer, with over 400,000 employees, and runs 24,700 post offices throughout Japan. One third of all Japanese government employees work for Japan Post. As of 2005, the President of the company was Masaharu Ikuta, formerly Chairman of Mitsui O.S.K. Lines, Mitsui O.S.K. Lines Ltd. Japan Post ran the world's largest postal savings system and is often said to be the largest holder of personal savings in the world: with ¥224 Trillion (short scale), trillion ($2.1 trillion) of household assets in its ''yū-cho'' savings accounts, and ¥126 trillion ($1.2 trillion) of household assets in its ''kampo'' life insurance services; its holdings account for 25 percent of household assets in Japan. Japan Post also holds about ¥140 trillion (one fifth) of the Japanese national debt in the form o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
