Aeon isn't going to be a threat to the big banks. |
It's very natural for [Mitsubishi UFJ] to have an interest in taking a stake in a Chinese bank, and Bank of China is a very good bank. |
There is an accounting benefit because unrealized securities losses were the biggest risk factor for the bank. It may be positive for its shares, but there is no economic merit. |
There's been a lot of discussion about the end of quantitative easing, but relatively little about interest rates themselves. It's the level of rates that really matters. |
This first phase of systems integration is the biggest hurdle. It's a must for the bank that the systems hook up properly. |
With an outside investor, there could be better governance over the scheme, which could get its hands on bad loans the bank itself couldn't have. |