IY Bank to change name to Seven Bank

IY Bank to change name to Seven Bank

TOKYO, Japan - Takashi Anzai, president of IY Bank, a branch-free bank belonging to the Ito-Yokado Co. retail group, tells reporters at the Bank of Japan's head office in Tokyo on June 3 that the bank will change its name to Seven Bank on Oct. 11.

IY Bank approved

IY Bank approved

TOKYO, Japan - Ito-Yokado Co. President Toshifumi Suzuki speaks at a news conference in Tokyo on April 6 the retailing group plans to launch its IY Bank in mid-May in the hope that the banking subsidiary will swing into the black within two years. The Financial Services Agency gave preliminary approval earlier in the day to an application by the group to establish the bank.

FSA gives preliminary approval to Ito-Yokado's IY Bank

FSA gives preliminary approval to Ito-Yokado's IY Bank

TOKYO, Japan - Financial Services Agency Minister Hakuo Yanagisawa (L) gives to Toshifumi Suzuki, president of the Ito-Yokado Co. retailing group, preliminary approval to establish a banking subsidiary at the agency in Tokyo on April 6. IY Bank will operate via a network of automatic teller machines at the group's retail outlets.

IY Bank to change name to Seven Bank

IY Bank to change name to Seven Bank

TOKYO, Japan - Takashi Anzai, president of IY Bank, a branch-free bank belonging to the Ito-Yokado Co. retail group, tells reporters at the Bank of Japan's head office in Tokyo on June 3 that the bank will change its name to Seven Bank on Oct. 11. (Kyodo)

IY Bank approved

IY Bank approved

TOKYO, Japan - Ito-Yokado Co. President Toshifumi Suzuki speaks at a news conference in Tokyo on April 6 the retailing group plans to launch its IY Bank in mid-May in the hope that the banking subsidiary will swing into the black within two years. The Financial Services Agency gave preliminary approval earlier in the day to an application by the group to establish the bank.

FSA gives preliminary approval to Ito-Yokado's IY Bank

FSA gives preliminary approval to Ito-Yokado's IY Bank

TOKYO, Japan - Financial Services Agency Minister Hakuo Yanagisawa (L) gives to Toshifumi Suzuki, president of the Ito-Yokado Co. retailing group, preliminary approval to establish a banking subsidiary at the agency in Tokyo on April 6. IY Bank will operate via a network of automatic teller machines at the group's retail outlets.