Business

Japan’s Mizuho Chairman To Step Down Over Mob Loans Scandal

Mizuho Financial Group (8411.T) chairman Takashi Tsukamoto will quit in March to take responsibility for a scandal over loans to organized crime, and the bank will restructure its board to improve governance, it said on Thursday. Japan's banking regulator issued...

Futures Higher, But Trading Expected To Be Light

U.S. stock index futures edged higher on Thursday, suggesting the market's recent upside momentum would continue, though trading was expected to be light following the Christmas holiday. This is the first day of full trading since Monday, following an early...

Exclusive: Target Hackers Stole Encrypted Bank PINS – Source

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The hackers who attacked Target Corp and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation. One major U.S. bank...

Soaring Compliance Costs Clip Wings Of Mideast, African Banks

While it may be the most common given name in the world, the global banking system seemingly can't cope with Mohammed and its various different spellings. When it comes to false positives - where a person or transaction is incorrectly...

Softbank In Talks To Acquire T-Mobile, Discussing Funding: Sources

Japan's SoftBank Corp (9984.T) is in talks to acquire U.S. wireless carrier T-Mobile US Inc (TMUS.N) and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday. SoftBank is looking to have its...

Woodside Stake May Be Split If Shell Sells Out

Royal Dutch Shell's (RDSa.L) 23.1 percent stake in Australian oil and gas group Woodside Petroleum (WPL.AX) is seen as more likely to be split up and/or sold to institutional shareholders than to go in one piece to a strategic...

U.S. Manufacturing, Housing Data Buoy Economic Outlook

Orders for long-lasting U.S. manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy. While another report on Tuesday showed...

Wall Street Little Changed In Shortened Session

Stocks were little changed on Tuesday as investors refrained from making big bets ahead of the Christmas Day holiday, with equity indexes at record highs. Markets will close early on Tuesday and remain shut until Thursday for the holiday. Trading...

China Makes Huge Strides To Tackle Poverty, Report Says

More than one in five people live in extreme poverty globally, according to a new report, though China's continued economic growth has improved the lives of millions. The poverty rate in the world's most populous country fell by nearly three-quarters...

Target Meets With State Attorneys As Lawsuits Pile Up

Target Corp's general counsel, Timothy Baer, spoke with top state prosecutors on Monday to address their concerns about a massive data breach, as consumer lawsuits piled up against the retailer and two U.S. senators called for a federal probe. Attorneys...