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News Breaks | | | | October 10, 2012 | | 06:23 EDT |  | MTU, SMFG, MFG, NMR | IMF sounds alarm over stability of Japan's banking system, FT reports
The IMF is warning that Japanese banks' huge and rising government bond holdings may leave them vulnerable to a spike in interest rates, the Financial Times reports. Directors of the IMF's monetary and capital markets department believe that Japanese bank holdings of government bonds could rise to a third of their total assets within five years. | |
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News For MTU;SMFG;MFG;NMR From The Last 14 Days Check below for free stories on MTU;SMFG;MFG;NMR the last two weeks. |
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| June 19, 2013 | | 10:01 EDT |  | MFG | On The Fly: Analyst Upgrade Summary
 Subscribe for More Information | | | 09:00 EDT |  | SMFG | Sumitomo Mitsui rises 4.5%
Sumitomo Mitsui is up 4.5%, or 39c, to $8.97 | | | 08:38 EDT | | MFG | Mizuho Financial Group upgraded to Buy from Neutral at Goldman
Subscribe for More Information | | | June 17, 2013 | | 09:40 EDT | | NMR | Nomura upgraded to Buy from Hold at Societe Generale
Subscribe for More Information | | | June 11, 2013 | | 14:19 EDT | | SMFG, MFG, MTU | Japan to adopt 'bail-ins,' force bank losses on investors if needed, Nikkei says
Japan's Financial Services Agency will enact new rules that will forced failed bank losses on investors, if needed, via a mechanism known as a "bail-in," according to The Nikkei. Mitsubishi UFJ (MTU), Mizuho Financial (MFG) and Sumitomo Mitsui (SMFG) are among those proposing amendments to allow them to issue the types of preferred shares or subordinated bonds that would be used in such cases, the report noted. Reference Link | | | 11:45 EDT | | SMFG | Sumitomo Mitsui upgraded to Buy from Neutral at BofA/Merrill
| | | June 10, 2013 | | 05:50 EDT | | NMR | Nomura upgraded to Buy from Hold at Deutsche Bank
| | | June 6, 2013 | | 08:13 EDT | | NMR, SMFG | Sumitomo Mitsui sells a $400M stake in Barclays, Reuters reports
Sumitomo Mitsui Banking Corp. (SMFG) sold a $400M stake in Barclays (BCS), about half its holding in the bank, reports Reuters. The shares were sold by Nomura (NMR), sources say. Reference Link | |
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