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Banking
Banking
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Net profit at both Mizuho Financial and Sumitomo Mitsui Financial soared over the fiscal year, but shares fell amid talk that banks may have to forgive loans granted to Tokyo Electric Power Co.
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Intesa Sanpaolo's first-quarter net profit fell as declining provisions against bad loans were outpaced by lower net interest income and weaker commissions.
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UBS and Credit Suisse this week protested that a Swiss draft law for big banks could ultimately call for far more capital than the 19% currently being proposed, according to several people familiar with the situation.
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Hana Financial's chairman said the lender is considering its options for the proposed $4.31 billion acquisition of Lone Star's Stake in Korea Exchange Bank.
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Crédit Agricole said net profit more than doubled in the first quarter, aided by lower provisions for bad loans and strong retail banking operations in France.
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Banks, savings banks and thrifts that have failed since 2008.
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