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Financial Services Agency OKs Sumitomo-Sakura merger

TOKYO, Japan - Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada meet the press at the Financial Services Agency in Tokyo Dec. 26 after the agency approved a merger of the two lenders. The major Japanese commercial banks plan to combine as the Sumitomo Mitsui Banking Corp. in April.

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Sakura Bank to acquire Minato Bank

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Keiichiro Yano, president of Minato Bank, smile to each other at a news conference June 9. Sakura Bank said it will acquire a controlling stake in Minato Bank, a second-tier regional bank based in Kobe, in the first takeover bid in the Japanese banking sector.

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Sumitomo, Sakura to move up merger by one year

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Yoshifumi Nishikawa, president of Sumitomo Bank, shake hands at a news conference April 21 after announcing an agreement to move up the date of their banks' planned merger by one year to April 1 next year. The move is aimed to stay competitive amid a rush of consolidation and reorganization in Japan's banking industry.

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Sony to form online bank with J.P. Morgan

TOKYO, Japan - (From L to R) J.P. Morgan & Co Chairman Bruce Carnegie-Brown, Sony Corp. President Nobuyuki Idei, Sakura Bank President Akishige Okada and Sony Executive Deputy President Tamotsu Iba shake hands following the announcement of their new online banking joint venture.

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Sumitomo, Sakura banks to merge

TOKYO, Japan - Sumitomo Bank and Sakura Bank, two of Japan's largest commercial banks, announce Oct. 14 a basic agreement to integrate their businesses by April 2002 to create the world's second largest bank. Photo shows Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada shaking hands just before a press conference at a Tokyo hotel.

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Sakura, Fujitsu to form 'Web bank' for online shopping

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Naoyuki Akikusa, president of Fujitsu Ltd., shake hands in Tokyo on July 26 after announcing that the two companies will establish a ''Web bank'' for Internet shoppers to make online payments.

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Financial Services Agency OKs Sumitomo-Sakura merger

TOKYO, Japan - Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada meet the press at the Financial Services Agency in Tokyo Dec. 26 after the agency approved a merger of the two lenders. The major Japanese commercial banks plan to combine as the Sumitomo Mitsui Banking Corp. in April.

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FRC gives green light to Japan Net Bank+

TOKYO, Sept. 7 Kyodo - Akishige Okada (R), president of Sakura Bank, shakes hands with Hideyuki Aizawa, chairman of the government's Financial Reconstruction Commission (FRC), after FRC approved a Sakura Bank-led consortium to form Japan Net Bank, the nation's first entity to provide Internet banking services.

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Sakura Bank to acquire Minato Bank

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Keiichiro Yano, president of Minato Bank, smile to each other at a news conference June 9. Sakura Bank said it will acquire a controlling stake in Minato Bank, a second-tier regional bank based in Kobe, in the first takeover bid in the Japanese banking sector.

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Sumitomo, Sakura to move up merger by one year

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Yoshifumi Nishikawa, president of Sumitomo Bank, shake hands at a news conference April 21 after announcing an agreement to move up the date of their banks' planned merger by one year to April 1 next year. The move is aimed to stay competitive amid a rush of consolidation and reorganization in Japan's banking industry.

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Sony to form online bank with J.P. Morgan

TOKYO, Japan - (From L to R) J.P. Morgan & Co Chairman Bruce Carnegie-Brown, Sony Corp. President Nobuyuki Idei, Sakura Bank President Akishige Okada and Sony Executive Deputy President Tamotsu Iba shake hands following the announcement of their new online banking joint venture.

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Sumitomo, Sakura banks to merge

TOKYO, Japan - Sumitomo Bank and Sakura Bank, two of Japan's largest commercial banks, announce Oct. 14 a basic agreement to integrate their businesses by April 2002 to create the world's second largest bank. Photo shows Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada shaking hands just before a press conference at a Tokyo hotel.

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Sakura, Fujitsu to form 'Web bank' for online shopping

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Naoyuki Akikusa, president of Fujitsu Ltd., shake hands in Tokyo on July 26 after announcing that the two companies will establish a ''Web bank'' for Internet shoppers to make online payments.

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Sakura, Fujitsu to form 'Web bank' for online shopping

TOKYO, Japan - Akishige Okada (L), president of Sakura Bank, and Naoyuki Akikusa, president of Fujitsu Ltd., shake hands in Tokyo on July 26 after announcing that the two companies will establish a ''Web bank'' for Internet shoppers to make online payments.