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Resona, Saitama Resona banks begin operations

OSAKA, Japan - Ikuo Yanase (R), vice president of Resona Holdings Inc., Yasuhisa Katsuta (C), president of Resona Bank, and Tetsuo Morishige, vice president of Resona Bank, cut a tape to mark the start of the bank's business at its head office in Osaka on March 3. Resona Bank and Saitama Resona Bank were created by the integration of Daiwa Bank and Asahi Bank on March 1.

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Asahi Mutual Life to seek 150 bil. yen from 3 banks

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita announces a fresh restructuring package, featuring a capital injection of 150 billion yen from three banks and a deep cut in its heavy equity holding losses, at a news conference in Tokyo on Feb. 15.

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Daiwa, Asahi banks agree to integrate management

OSAKA, Japan - Nara Bank President Masao Nomura (L), Asahi Bank President Tatsuro Ito (2nd from L), Daiwa Bank President Yasuhisa Katsuta (2nd from R) and Kinki Osaka Bank President Yasuhiro Takatani join hands at a press conference at Daiwa Bank's head office in Osaka on Sept. 21. They announced the formation of Japan's fifth-largest banking group with 50.4 trillion yen in combined assets.

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Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

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Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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Asahi, Tokai banks to form holding firm

TOKYO, Japan - Asahi Bank President Tatsuro Ito (L) and Tokai Bank President Hideo Ogasawara speak at a joint press conference Oct. 7 on an agreement to set up a joint holding company in October 2000 with the aim of integrating their operations. The integration will create a new banking group that will be the third largest in Japan with combined assets of some 59 trillion yen.

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Tokai, Asahi banks to tie up

Tatsuro Ito (L), president of Asahi Bank, and Hideo Ogasawara(R), president of Tokai Bank, shake hands at the Bank of Japan in Tokyo on Sept. 28 after announcing a broad-based tie-up deal that features cross-shareholding and joint development of financial products for sale to consumers. Tokai and Asahi banks are Japan's seventh and eighth largest, respectively, among the nation's nine major commercial banks.

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Asahi Mutual Life to seek 150 bil. yen from 3 banks

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita announces a fresh restructuring package, featuring a capital injection of 150 billion yen from three banks and a deep cut in its heavy equity holding losses, at a news conference in Tokyo on Feb. 15.

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Daiwa, Asahi banks agree to integrate management

OSAKA, Japan - Nara Bank President Masao Nomura (L), Asahi Bank President Tatsuro Ito (2nd from L), Daiwa Bank President Yasuhisa Katsuta (2nd from R) and Kinki Osaka Bank President Yasuhiro Takatani join hands at a press conference at Daiwa Bank's head office in Osaka on Sept. 21. They announced the formation of Japan's fifth-largest banking group with 50.4 trillion yen in combined assets.

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Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

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Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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Sanwa, Tokai, Asahi banks to form banking group

TOKYO, Japan - Sanwa Bank, Tokai Bank and Asahi Bank announce March 14 they will set up a joint holding company in April 2001 to form Japan's 2nd largest banking group. Photo shows the three banks' presidents -- (from L to R) Kaneo Muromachi of Sanwa Bank, Tatsuro Ito of Asahi Bank and Hideo Ogasawara of Tokai Bank -- after making the announcement at a Tokyo hotel.

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Asahi, Tokai banks to form holding firm

TOKYO, Japan - Asahi Bank President Tatsuro Ito (L) and Tokai Bank President Hideo Ogasawara speak at a joint press conference Oct. 7 on an agreement to set up a joint holding company in October 2000 with the aim of integrating their operations. The integration will create a new banking group that will be the third largest in Japan with combined assets of some 59 trillion yen.

E

Tokai, Asahi banks to tie up

Tatsuro Ito (L), president of Asahi Bank, and Hideo Ogasawara (R), president of Tokai Bank, shake hands at the Bank of Japan in Tokyo on Sept. 28 after announcing a broad-based tie-up deal that features cross-shareholding and joint development of financial products for sale to consumers. Tokai and Asahi banks are Japan's seventh and eighth largest, respectively, among the nation's nine major commercial banks. ==Kyodo