Regional Japan Lender Dangles Megabank Pay for Market Hires

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 65 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 60%
  • Publisher: 63%

Japan Nieuws

Bloomberg,Bank Of Japan,Yamaguchi Financial Group Inc.

(Bloomberg) -- Yamaguchi Financial Group Inc., a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new hires ...

-- Yamaguchi Financial Group Inc., a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new hires with securities market expertise around the same compensation as staff at the nation’s largest banks.S&P 500 Tops 5,600 Mark in Longest Rally This Year: Markets Wrap

Japan’s local banks are seeking revenue from securities investment as a shrinking and aging population weighs on business opportunities in their regions. But a dearth of expert market players at the banks raises the risk of investment losses. The nation’s banking sector has seen investment fiascoes at a couple of firms this year. Aozora Bank Ltd. booked its first loss in 15 years when it lost money on foreign bonds and soured US office property loans. Norinchukin Bank shocked global markets by saying last month it would sell $63 billion of low-yielding US and European government bonds that had become unprofitable.

Securing human resources is a common challenge for Japanese financial institutions, but it’s especially difficult for regional lenders that need to convince potential hires to move out of big cities. Yamaguchi Financial is based in Shimonoseki, a coastal city about 800 kilometers from Tokyo that’s famed for seafood including poison-containing pufferfish.

“In the future, we would like to bring the ratio of mid-career and new graduate hires to an even level,” Mukunashi said. The bank will give the timing for achieving the goal in its next mid-term plan, starting in April.Costco Hikes Annual Membership Fee for First Time Since 2017

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Online mortgage lender Nesto acquires mortgage finance company CMLS GroupMONTREAL — Online mortgage lender Nesto says it has acquired mortgage finance company CMLS Group.
Bron: SooToday - 🏆 8. / 85 Lees verder »

Online mortgage lender Nesto acquires mortgage finance company CMLS GroupOnline mortgage lender Nesto says it has acquired mortgage finance company CMLS Group.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »