business

SBI wants to shake up regional banks, hopefully with Suga boost

5 Comments
By Junko Fujita, Takashi Umekawa and Takahiko Wada

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5 Comments
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“higher-margin businesses”

Where the bank takes more of the customers’ money for the chance to invest in high risk investments in a recession.

4 ( +4 / -0 )

My data is slightly dated, but Japan had between 100 and 120 regional banks (my recollection is 2010-15). The big banks (MUFG, SMFG, Daiwa, etc.) of course has branches in the non -Tokyo market, but the majority of the close customer relationships are with the 地銀. These guys know the small mom and pops to the larger regional players, their family history, and everything in between. I think SBI has something here, as the “people to know” in the non-Tokyo and non-Osaka market are the local government officials, 地銀 and (interestingly enough), the electric utilities.

3 ( +3 / -0 )

Nice. Suga allows his fellow travellers to profit by their relationship with the prime minister. This is elementally corruption.

The point of acquiring assets is not to shore up services to banking customers, but to profit from speculative enterprises. The model for such irresponsible banking practices is the USA, which almost bankrupt the country and tax payers had to bail out the failed banking system.

2 ( +2 / -0 )

Japanese banks have too much power.

I am convinced that the core of their business model is to absolutely hate their customers.

0 ( +1 / -1 )

Hmm.. here we go again, SBI has it's pockets in lots of small banks, and they will presumably be invested in SBI , the temptation for moving money easily around these banks to disguise any losses seems to be increasing by the day.

0 ( +0 / -0 )

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