For now, 5 #banks are expected to work on the offering — #BankOfAmerica, #Citigroup, #GoldmanSachs, #JPMorganChase & #MorganStanley. The #LawFirms #GibsonDunn & #DavisPolk are also advising on the deal.

Musk’s agreement with banks is a big score for #SpaceX, which merged with #xAI in February & whose #Grok is a distant 4th in the #AI race behind #OpenAI’s #ChatGPT, #Claude & #Google’s #Gemini.

#Musk #tech #business #law #SEC #antitrust

Brazilian banks to verify satellite deforestation data for rural credit

SAO PAULO (AP) — Brazil’s banks will be required to verify official satellite deforestation data before approving rural credit beginning on Wednesday in the South American country. Under the new rule, financial institutions must check whether a property appears in a government registry of areas with potential illegal deforestation after July 31, 2019. The database, maintained […]

Conservation news
The Cabinet approved amendments to a law that will give police in Japan stronger ammunition to crack down on money laundering by scammers by allowing them to set up dummy bank accounts. https://www.japantimes.co.jp/news/2026/04/03/japan/scam-laundering-amendments/?utm_medium=Social&utm_source=mastodon #japan #sanaetakaichi #fraud #banks
The world's central bankers might be attempting the impossible in trying to get business executives, labor unions and households to understand how they are navigating their finances through yet another energy shock. https://www.japantimes.co.jp/business/2026/04/03/economy/central-banks-mood-puzzle/?utm_medium=Social&utm_source=mastodon #business #economy #banks #inflation #iran #economicindicators
Central banks' inflation mood puzzle: more judgment than science

Since the COVID-19 pandemic, central banks have ‌developed new tools to fill gaps in data about behavior, but measuring expectations remains more an art than an exact science.

The Japan Times

In 1998, Tokyo built a wall between banks and industry. On 31 March 2026, the FSA started taking it down. Nobody has connected this to the cross-shareholding unwind running in the opposite direction. Keiretsu with extra steps.

https://gyokuro.dev/en/posts/keiretsu-with-extra-steps-en/

#Japan #banks #MUFG #SMFG #FSA #MandA #BOJ #macro

Keiretsu with Extra Steps

Japan’s FSA is quietly reversing 28 years of bank-industry separation. The market hasn’t noticed.

Gyokuro Time
building more #house #houses #housing will not bring #houseprices down it's a lie #economy #economics #bank #banks
Mitsubishi UFJ Financial Group is aiming to boost its transaction banking business in Asia, looking to capitalize on its competitive strengths in key regional markets as it strives to catch up with global peers. https://www.japantimes.co.jp/business/2026/04/02/companies/japan-mufg-transaction-banking-business/?utm_medium=Social&utm_source=mastodon #business #companies #mufg #banks
MUFG to take on global peers for slice of $1.3 trillion transaction-banking pie

Japan's largest lender is looking to capitalize on its competitive strengths in key Asian markets as it strives to catch up with global peers.

The Japan Times

Easter bank holiday 2026 opening times for DVLA and DWP contact centres

https://fed.brid.gy/r/https://www.mirror.co.uk/money/easter-bank-holiday-2026-opening-36955463

Despite repeated technological upheavals, finance has preserved its profits by reinventing fee-generating services, but the rise of AI could ultimately render much of the industry irrelevant. https://www.japantimes.co.jp/commentary/2026/04/01/world/ai-threatens-profit-machine/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #artificialintelligence #ai #banks #lending #stocks #bonds #wallstreet
AI threatens the finance industry's perpetual profit machine

The utopian promise of AI is abundance, but the only guaranteed beneficiaries are the super elites that own the machines.

The Japan Times