Japanese banks seen losing profit driver as Asian economies slow
Thu, Nov 12, 2015 - 5:50 AM
Japanese banks have been expanding in Asia through acquisitions such as Mitsubishi UFJ's 2013 purchase of Bangkok-based Bank of Ayudhya pcl..
JAPAN's three biggest lenders will probably report a drop in second-quarter profit after Asia's economic slowdown weakened overseas loan growth and global financial-market volatility crimped fee businesses.
Combined net income at Mitsubishi UFJ Financial Group Inc, Sumitomo...