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Mega banking group Mizuho inaugurated

TOKYO, Japan - A tape is cut Sept. 29 to inaugurate a joint holding company, Mizuho Holdings Inc., the product of the integration of Dai-Ichi Kangyo Bank (DKB), Fuji Bank and the Industrial Bank of Japan. The union creates the world's biggest banking group in terms of assets. (From L to R) Yoshiro Yamamoto, chairman and chief executive officer (CEO), Katsuyuki Sugita, president and co-CEO, and Masao Nishimura, chairman and CEO. The operations of the three banks will be fully integrated in April 2002.

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DKB, Fuji, IBJ name joint holding firm Mizuho Holdings

TOKYO, Japan - Yoshiro Yamamoto (L), president of Fuji Bank, Katsuyuki Sugita (C), president of Dai-Ichi Kangyo Bank (DKB), and Masao Nishimura (R), president of the Industrial Bank of Japan, shake hands at the DKB headquarters in Tokyo on Dec. 22 after announcing their decision to name the joint holding company they plan to create next year Mizuho Holdings Inc. The name ''Mizuho,'' which means ''fresh ears of rice'' in Japanese, was chosen in consultation with an advertising agency because it is used in a special appellation for Japan, ''Mizuho no Kuni'' (Land of Golden Ears of Rice), according to bank officials.

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DKB, Fuji, IBJ announce joint holding company

TOKYO, Japan - (From L to R) Katsuyuki Sugita, president of Dai-Ichi Kangyo Bank (DKB), Masao Nishimura, president of the Industrial Bank of Japan (IBJ), and Yoshiro Yamamoto, president of Fuji Bank, speak at a news conference in a Tokyo hotel Aug. 20 on their agreement on a wide-ranging business alliance that would create the world's biggest banking group with some 141 trillion yen (about 1.27 trillion dollars) in combined assets.

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DKB, Fuji, IBJ in talks on business alliance

TOKYO, Japan - Photo, taken Aug. 19, shows the headquarters of Dai-Ichi Kangyo Bank in Tokyo, which is in talks with Fuji Bank and the Industrial Bank of Japan on a business alliance that could create the world's largest banking group in terms of assets.

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DKB, J.P. Morgan to set up trust venture

Taira Hosaka (3rd from L), senior managing director of Japan's Dai-Ichi Kangyo Bank (DKB), shakes hands with Keith M. Schappert, president of J.P. Morgan Investment Management Inc.of the United States, in Tokyo on Oct. 1. DKB and J.P. Morgan and Co. agreed to set up a joint investment trust venture early next year as part of a broad capital tie-up between the two banks. DKB will be the first of Japan's nine major commercial banks to form a capital tie-up with a foreign financial institution.

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DKB president testifies

Katsuhiko KONDO, president of Dai-Ichi Kangyo Bank suspected of making illegal payoffs to a ''sokaiya'' corporate racketeer, testifies at a House of Representatives Budget Committee meeting on June 5, when Tokyo prosecutors arrested for executives of the major commercial bank on the suspicion.

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DKB president testifies at Diet

Katsuhiko KONDO (R), the president of Dai-Ichi Kangyo Bank which is suspected of making illegal payoffs to a ''sokaiya'' corporate racketeer, testifies at a House of Representatives Budget Committee meeting on June 5, when prosecutors arrested four former and incumbent executives of the major commercial bank in the case.

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Mega banking group Mizuho inaugurated

TOKYO, Japan - A tape is cut Sept. 29 to inaugurate a joint holding company, Mizuho Holdings Inc., the product of the integration of Dai-Ichi Kangyo Bank (DKB), Fuji Bank and the Industrial Bank of Japan. The union creates the world's biggest banking group in terms of assets. (From L to R) Yoshiro Yamamoto, chairman and chief executive officer (CEO), Katsuyuki Sugita, president and co-CEO, and Masao Nishimura, chairman and CEO. The operations of the three banks will be fully integrated in April 2002.

E

DKB, Fuji, IBJ name joint holding firm Mizuho Holdings

TOKYO, Japan - Yoshiro Yamamoto (L), president of Fuji Bank, Katsuyuki Sugita (C), president of Dai-Ichi Kangyo Bank (DKB), and Masao Nishimura (R), president of the Industrial Bank of Japan, shake hands at the DKB headquarters in Tokyo on Dec. 22 after announcing their decision to name the joint holding company they plan to create next year Mizuho Holdings Inc. The name ''Mizuho,'' which means ''fresh ears of rice'' in Japanese, was chosen in consultation with an advertising agency because it is used in a special appellation for Japan, ''Mizuho no Kuni'' (Land of Golden Ears of Rice), according to bank officials.

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3 bank ex-execs get suspended terms

TOKYO, Japan - File photos show (from L to R) Ichiro Fujita, 60, former vice president, Akira Kanazawa, 64, former vice president, and Yasuyuki Terasawa, 58, former managing director, all of Dai-Ichi Kangyo Bank (DKB), who were sentenced to prison terms for extending illegal loans to a ''sokaiya'' corporate racketeer in violation of the Commercial Code. The three pleaded not guilty.

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DKB, Fuji, IBJ announce joint holding company

TOKYO, Japan - (From L to R) Katsuyuki Sugita, president of Dai-Ichi Kangyo Bank (DKB), Masao Nishimura, president of the Industrial Bank of Japan (IBJ), and Yoshiro Yamamoto, president of Fuji Bank, speak at a news conference in a Tokyo hotel Aug. 20 on their agreement on a wide-ranging business alliance that would create the world's biggest banking group with some 141 trillion yen (about 1.27 trillion dollars) in combined assets.

E

DKB, Fuji, IBJ in talks on business alliance

TOKYO, Japan - Photo, taken Aug. 19, shows the headquarters of Dai-Ichi Kangyo Bank in Tokyo, which is in talks with Fuji Bank and the Industrial Bank of Japan on a business alliance that could create the world's largest banking group in terms of assets.

E

DKB, J.P. Morgan to set up trust venture

Taira Hosaka (3rd from L), senior managing director of Japan's Dai-Ichi Kangyo Bank (DKB), shakes hands with Keith M. Schappert, president of J.P. Morgan Investment Management Inc. of the United States, in Tokyo on Oct. 1. DKB and J.P. Morgan and Co. agreed to set up a joint investment trust venture early next year as part of a broad capital tie-up between the two banks. DKB will be the first of Japan's nine major commercial banks to form a capital tie-up with a foreign financial institution.