Sumitomo's president is blazing new path in banking

Article Abstract:

Sumitomo Bank Pres Yoshifumi Nishikawa has shaken up the staid Japanese banking industry by breaking long-sacrosanct taboos to permit his bank to restructure quickly. Since taking over in 1997, Nishikawa has earned a reputation for trailblazing boldness. He was responsible for Sumitomo's timely divestiture of subsidiaries in the US and presided over a sharp increase in bank revenues after he allowed interest rates to rise. He also forced Sumitomo's branches to choose between retail and corporate banking, a move that has helped him streamline the bank's operations.

United States, Strategy & planning, Management, Officials and employees, Japan, Sumitomo Bank Ltd. (Tokyo, Japan), Nishikawa, Yoshifumi

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Foreign banks are gaining ground

Article Abstract:

The Thai government's decision to open its banking industry to foreign investors will heighten competition against the country's 15 domestic banks. However, prospects for the Thai banks in the new open market remain optimistic since these banks have begun optimizing their operations. Moreover, Thai banks will continue to dominate the retail banking sector since foreign banks will most likely concentrate on primary borrowers, namely multinational corporations.

Thailand

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Banks will retain lead in Asian finance

Article Abstract:

Banks will continue to provide much of the funds needed by the Asian private sector despite the tremendous growth experienced by the region's stock and bond markets. About 50% of all finance requirements of the private sector are provided by banks and stocks and bonds contribute only 15%. However, governments need to deregulate their respective banking industries to promote faster growth.

Asia

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