Big Three may have to issue new debt to meet target under proposed global rules
Thu, Oct 23, 2014 - 5:50 AM
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group face an aggregate shortfall of 3.2-10.5 trillion yen (S$38-125 billion) that they would need to plug by selling debt
- PHOTO: BLOOMBERG
JAPAN'S three biggest banks may need to raise as much as about US$100 billion of capital that can be written down in a crisis to meet proposed global rules for lenders deemed too big to fail.
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial...