Japanese Bank Contract Experiences

[MattZani]

Told them to fook orf in Japanese I hope! Even their bogs are stuck in the 1980s! one of their just back from lunch highly drunk Japanese traders fat fingered a trade then lost over $250M in a few minutes as he Sold the wrong Stock as you do!!

https://staging.finextra.com/newsart...zuho-windfalls
"In a similar "fat finger" trading error, Daiwa Securities is reportedly cutting the pay of four senior executives after a trader placed an order to sell 25,000 shares of Sumitomo Mitsui Financial Group, instead of an order to sell the same number of shares of a different company, and lost Y500 million."

https://www.cnbc.com/2014/04/29/im-n...1-billion.html

[uk contractor]

That was my experience there as well. Filled with aggressive incompetents. They needed me though so I enjoyed telling some of their senior folk to fook right orf when anyone tried it on with me.

Told them to fook orf in Japanese I hope! Even their bogs are stuck in the 1980s! one of their just back from lunch highly drunk Japanese traders fat fingered a trade then lost over $250M in a few minutes as he Sold the wrong Stock as you do!!

https://staging.finextra.com/newsart...zuho-windfalls
"In a similar "fat finger" trading error, Daiwa Securities is reportedly cutting the pay of four senior executives after a trader placed an order to sell 25,000 shares of Sumitomo Mitsui Financial Group, instead of an order to sell the same number of shares of a different company, and lost Y500 million."

https://www.cnbc.com/2014/04/29/im-n...1-billion.html

[BigDataPro]

MUFG?? They religiously use "San" :-)

[HRHisaravingfelchlord]

Daiwa are very Japanese culture wise the environment is also pretty harsh & very political.

That was my experience there as well. Filled with aggressive incompetents. They needed me though so I enjoyed telling some of their senior folk to fook right orf when anyone tried it on with me.

[PerfectStorm]

Bring a sleeping bag.

[GhostofTarbera]

Meetings are great you agree the outcome before the meeting then turn up

[northernladuk]

Following the problems in the sub-prime lending market in America and the run on HBOS in the UK, uncertainty has now hit Japan.In the last 7 hours Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, while today shares in Kamikaze Bank were suspended after they nose-dived.Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

Funniest thing I've read since PC's posting history. Very good.

[kaiser78]

Following the problems in the sub-prime lending market in America and the run on HBOS in the UK, uncertainty has now hit Japan.In the last 7 hours Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, while today shares in Kamikaze Bank were suspended after they nose-dived.Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

Maybe next time I'll post in Business/Contracts section. Oh hang on... (quite an amusing post however...)

[MattZani]

and this comedian is?

[barrydidit]

Can't resist

Following the problems in the sub-prime lending market in America and the run on HBOS in the UK, uncertainty has now hit Japan.In the last 7 hours Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, while today shares in Kamikaze Bank were suspended after they nose-dived.Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

[uk contractor]

Mizuho are more of an English culture. Very laid back but some of the managers are real tools & very political.
Mitsubishi are a mixture of Japanese & English not so laid back.
Daiwa are very Japanese culture wise the environment is also pretty harsh & very political.
Nomura are probably the worse its very political & if you do not fit they will get rid of pretty quick without any warning.

IME Mitsubishi is the best one of those four I mentioned to work at as they are so laid back contractors tend to stick around a long time!

[WTFH]

I've worked for Japanese clients in Japan. They work you hard, but are very polite and respectful. The question is how much different are their corporate practices outside Japan - and this will vary by company. You'll really only get a good answer if you can find a contractor who's done a similar role to yours at the same client in London.

[kaiser78]

I have a contract lead at one of the major Japanese banks based in London.

Welcome anyone's experiences in working in such an environment; culture, hours, home working etc. I've undertaken banking roles before, although only for UK banks.