Profits shrink at Japan's 'megabanks'
Tokyo (AFP) July 31, 2014 - Japan's top three banks on Thursday posted lower quarterly profits as the impact of last year's stock market surge faded. Mitsubishi UFJ, the country's biggest lender, saw its net profit slip about six percent to 240.5 billion yen ($2.4 billion) as revenue weakened in the three months through June. Rivals Mizuho Financial Group and Sumitomo Mitsui Financial Group saw bigger drops with th ... more

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