Sony receives preliminary approval for Net bank

TOKYO, Japan - Financial Services Minister Hakuo Yanagisawa (L) hands to Sony Chairman Nobuyuki Idei preliminary approval for establishing an Internet bank in Tokyo on March 23. Upon receiving official approval, Sony Bank Corp., to be launched in June, will be the first bank set up by a nonbanking-sector company.

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• ILEA000007836

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• 2001/3/23 00:00:00

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