UK bank has vaulted into global elite while Japanese group is still outside it
Company focused on shareholder returns and buybacks to win back investors
But customer authentication tools face a challenge from EU data protection rules
GPIF will pay active asset managers according to excess returns — or alpha
Toshiba’s forced $18bn sale of prized chip unit proves a cautionary tale
BofA, Citigroup and Goldman exposed on loan to billionaire Wiese secured by stock
Short-term prospects will still hinge on net interest margins
Move comes amid PE-led boom in investment in Japanese companies
International Edition