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.
More Quotes from Hironari Nozaki:
This first phase of systems integration is the biggest hurdle. It's a must for the bank that the systems hook up properly.Hironari Nozaki
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.
Hironari Nozaki
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.
Hironari Nozaki
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.
Hironari Nozaki
Readers Who Like This Quotation Also Like:
Based on Keywords: unrealizedThe rights of the weak are not weaker rights, but are completely equal to the rights of the strong.
Dionigi Tettamanzi
I am not thinking that because people say I am great that I really am great. I am just doing a job, just like everybody else. The only difference is that a lot more people see what I do.
Oded Fehr
Marriage is an institution and that's where a couple finish up.
Les Dawson