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Gov't mulling ex-UFJ Holdings head as postal savings bank chief

TOKYO, Japan - The government has decided to appoint Hideo Ogasawara (file photo), a former head of UFJ Holdings Inc., the predecessor of Mitsubishi UFJ Holdings Financial Group Inc., to head the bank unit of Japan Post when it is privatized in October 2007, informed sources said June 21.

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UFJ Bank inaugurated through Sanwa, Tokai merger

TOKYO, Japan - Chairman Hideo Ogasawara (L) and President Masashi Teranishi (R) cut tapes to inaugurate UFJ Bank at the bank's Tokyo headquarters building Jan. 15 through the merger of Sanwa Bank and Tokai Bank, both member firms of UFJ Holdings Inc. The merger gives UFJ Bank, with its corporate headquarters in Nagoya, 80 trillion yen in assets on an unconsolidated basis.

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UFJ to form firm with Merrill Lynch to dispose of bad loans

TOKYO, Japan - UFJ Holdings Inc. President Hideo Ogasawara (R) speaks at a news conference Nov. 22, 2001 on his firm's plans to set up a subsidiary in collaboration with Merrill Lynch Japan Securities Co. to help its group of banks accelerate the disposal of problem loans.

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Sanwa Bank head to become president of UFJ Bank in Jan.

TOKYO, Japan - Tokai Bank President Hideo Ogasawara (L) and Sanwa Bank President Kaneo Muromachi shake hands at a press conference Sept. 10 in Tokyo. Ogasawara will become the chairman of UFJ Bank, to be created via the merger of the two banks Jan. 15, while Muromachi will assume the presidency.

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(1)New banks, nonlife insurers kick off operations

TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.

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Sanwa, Tokai, Toyo banks to form UFJ Holdings

TOKYO, Japan - Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. have announced they will set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001. Shaking hands at a news conference Oct. 4 are (from L to R) Tokai Bank President Hideo Ogasawara, Sanwa Bank President Kaneo Muromachi and Toyo Trust & Banking President Shunroku Yokosuka. UFJ, which stands for United Financial of Japan, will be based in Osaka, and the three banks will integrate their operations under the new holding company.

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Toyo Trust to join Sanwa-Tokai alliance

TOKYO, Japan - Shunroku Yokosuka, president of Toyo Trust & Banking Co., Kaneo Muromachi, president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, (from L to R) shake hands at a news conference held at Sanwa Bank's head office in Tokyo's Otemachi business district on July 5. The three banks have basically agreed to have Toyo Trust join the Sanwa-Tokai alliance to be formed in April 2001.

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Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

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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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UFJ to form firm with Merrill Lynch to dispose of bad loans

TOKYO, Japan - UFJ Holdings Inc. President Hideo Ogasawara (R) speaks at a news conference Nov. 22, 2001 on his firm's plans to set up a subsidiary in collaboration with Merrill Lynch Japan Securities Co. to help its group of banks accelerate the disposal of problem loans.

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UFJ Bank inaugurated through Sanwa, Tokai merger

TOKYO, Japan - Chairman Hideo Ogasawara (L) and President Masashi Teranishi (R) cut tapes to inaugurate UFJ Bank at the bank's Tokyo headquarters building Jan. 15 through the merger of Sanwa Bank and Tokai Bank, both member firms of UFJ Holdings Inc. The merger gives UFJ Bank, with its corporate headquarters in Nagoya, 80 trillion yen in assets on an unconsolidated basis.

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Gov't mulling ex-UFJ Holdings head as postal savings bank chief

TOKYO, Japan - The government has decided to appoint Hideo Ogasawara (file photo), a former head of UFJ Holdings Inc., the predecessor of Mitsubishi UFJ Holdings Financial Group Inc., to head the bank unit of Japan Post when it is privatized in October 2007, informed sources said June 21. (Kyodo)

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UFJ Bank vice president Sugihara to become parent firm chief

TOKYO, Japan - Takeshi Sugihara (file photo), vice president of UFJ Bank, has been named new president of UFJ Holdings Inc. to succeed Hideo Ogasawara, company officials said on May 17. Sugihara is expected to assume the post after obtaining shareholders' approval at the end of June.

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Sanwa Bank head to become president of UFJ Bank in Jan.

TOKYO, Japan - Tokai Bank President Hideo Ogasawara (L) and Sanwa Bank President Kaneo Muromachi shake hands at a press conference Sept. 10 in Tokyo. Ogasawara will become the chairman of UFJ Bank, to be created via the merger of the two banks Jan. 15, while Muromachi will assume the presidency.

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(1)New banks, nonlife insurers kick off operations

TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.

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FRC gives preliminary approval to UFJ launch

TOKYO, Japan - (From L to R) Kaneo Muromachi, president of Sanwa Bank, Hideyuki Aizawa, chairman of the Financial Reconstruction Commission (FRC), Hideo Ogasawara, president of Tokai Bank, and Shunroku Yokosuka, president of Toyo Trust & Banking Co., shake hands in Tokyo on Nov. 22 after the commission gave preliminary approval to a plan by the three banks to set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001.

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Sanwa, Tokai, Toyo banks to form UFJ Holdings

TOKYO, Japan - Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. have announced they will set up a joint holding company called ''UFJ Holdings Inc.'' in April 2001. Shaking hands at a news conference Oct. 4 are (from L to R) Tokai Bank President Hideo Ogasawara, Sanwa Bank President Kaneo Muromachi and Toyo Trust & Banking President Shunroku Yokosuka. UFJ, which stands for United Financial of Japan, will be based in Osaka, and the three banks will integrate their operations under the new holding company.

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Toyo Trust to join Sanwa-Tokai alliance

TOKYO, Japan - Shunroku Yokosuka, president of Toyo Trust & Banking Co., Kaneo Muromachi, president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, (from L to R) shake hands at a news conference held at Sanwa Bank's head office in Tokyo's Otemachi business district on July 5. The three banks have basically agreed to have Toyo Trust join the Sanwa-Tokai alliance to be formed in April 2001.

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Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

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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.

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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. ==Kyodo