Japan megabanks turn further away from coal
Japan s top three banks are pushing to get greener. They re tightening lending to coal-fired energy plants, as the world turns to cleaner fuels.
Sumitomo Mitsui Financial Group will stop financing expansions to coal power stations from June. That s on top of its current ban on funding new plants.
Mitsubishi UFJ Financial Group says it s ending lending for coal, although there are some exceptions.
Mizuho Financial Group is expanding its policy to ban financing for plants that are already in the planning stage.
Environmental groups have been pressing Japan s megabanks to give coal the cold shoulder.
Japan megabanks turn further away from coal Japan s top three banks are pushing to get greener. They re tightening lending to coal-fired energy plants, as the world turns to cleaner fuels.
Sumitomo Mitsui Financial Group will stop financing expansions to coal power stations from June. That s on top of its current ban on funding new plants.
Mitsubishi UFJ Financial Group says it s ending lending for coal, although there are some exceptions.
Mizuho Financial Group is expanding its policy to ban financing for plants that are already in the planning stage.
Environmental groups have been pressing Japan s megabanks to give coal the cold shoulder.
Will Kasikornbank purchase Citibankâs retail business arm? 17:47 | 17/05/2021
Kasikornbank â Thailandâs second largest financial institution â is allegedly a potential bidder to purchase Citibankâs retail business arm to increase its foothold in the wealth management, consumer lending, and credit card sectors.
âKasikornbank is interested in the USÂ lenderâs business in Southeast Asiaâs second-biggest economy and will study the details as soon as the process is open. Citigroupâs retail business here has a very large and good customer base,â Kattiya Indaravijaya, CEO of the bank told
Bloomberg.
Acquisitions and regional expansion are key for Kasikornbank, said Indaravijaya, as it fends off rising competition from new entrants into the industry, especially financial technology firms. Any bid for Citiâs retail business assets would only happen if an acquisition creates synergy and adds value t
SEA Digest: Brooker Group invests in digital assets, FE XCELERATE 2021 launched
Photo: Unsplash
May 12, 2021
Brooker Group, a Thai financial firm, will become the first publicly listed company to invest in decentralised finance and decentralised applications. Vietnam-based FE Credit has partnered with Singapore early-stage VC firm Expara to launch its accelerator programme FE XCELERATE 2021.
Thailand’s Brooker Group to invest $48m in DeFi, dApps
Bangkok-based financial consultancy and capital management company Brooker Group said it will invest $48 million into decentralised finance (DeFi) and decentralised applications (dApps).
The company claims that the plan will make it the first publicly listed company in the world to invest in DeFi as a way of diversifying its portfolio. Digital assets, DeFi and dApps, will eventually make up approximately 50% of Brooker’s total assets, the company said.