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Nishimura, architect of Mizuho group, dies at 73

TOKYO, Japan - Former Industrial Bank of Japan President Masao Nishimura (file photo), one of the architects of the mega banking group Mizuho, died on Aug. 1 at a Tokyo hospital of heart failure. He was 73. As then president of the IBJ, Nishimura led the three-way merger in 2000 of his bank, Dai-Ichi Kangyo Bank and Fuji Bank. Mizuho Financial Group Inc. was established in 2003 as the group holding company.

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Nikkei recovers 10,000-mark

TOKYO, Japan - The price board at a brokerage house in Tokyo's Nihombashi shows the benchmark Nikkei Stock Average closed above 10,000 on Sept. 14 for the first time in three days. The index jumped 395.80 points on news that Dai-Ichi Kangyo Bank will stop providing financial assistance to ailing supermarket chain Mycal Corp. The news immediately sent stock prices to negative territory, but they later picked up as investors digested the report as a positive factor for banks.

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BOJ starts real-time settlement system

TOKYO, Japan - Female employees of Dai-Ichi Kangyo Bank handle settlement data on computers in the bank's head office in Tokyo's Uchisaiwaicho district Jan. 4. The Bank of Japan launched the Real-Time Gross-Settlement system the same day to track the debts banks owe each other.

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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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Sugita named chairman of bankers' group

Katsuyuki Sugita, president of Dai-Ichi Kangyo Bank, meets the press in Tokyo on April 20 after being named chairman of the newly organized Japanese Bankers Association. The group, previously the Federation of Bankers Associations of Japan, was renamed as a result of organizational changes, including acceptance of foreign members for the first time.

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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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Shareholders meeting-Daiichi Kan

Daiichi Kangyo Bank's shareholders meeting is live broadcasted to the press on June 27, 1997. Daiichi Kangyo executives are appologizing to shareholders for its recent scandal.

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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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Nishimura, architect of Mizuho group, dies at 73

TOKYO, Japan - Former Industrial Bank of Japan President Masao Nishimura (file photo), one of the architects of the mega banking group Mizuho, died on Aug. 1 at a Tokyo hospital of heart failure. He was 73. As then president of the IBJ, Nishimura led the three-way merger in 2000 of his bank, Dai-Ichi Kangyo Bank and Fuji Bank. Mizuho Financial Group Inc. was established in 2003 as the group holding company. (Kyodo)

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Nikkei recovers 10,000-mark

TOKYO, Japan - The price board at a brokerage house in Tokyo's Nihombashi shows the benchmark Nikkei Stock Average closed above 10,000 on Sept. 14 for the first time in three days. The index jumped 395.80 points on news that Dai-Ichi Kangyo Bank will stop providing financial assistance to ailing supermarket chain Mycal Corp. The news immediately sent stock prices to negative territory, but they later picked up as investors digested the report as a positive factor for banks.

E

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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Mizuho Financial Group's 20th anniversary

File photo taken in August 1999 shows (from L) Dai-Ichi Kangyo Bank President Katsuyuki Sugita, Industrial Bank of Japan President Masao Nishimura and Fuji Bank President Yoshiro Yamamoto joining hands after a joint press conference at which they announced a plan to integrate their operations. Mizuho Financial Group Inc., the result of their merger, marked the 20th anniversary of its establishment on Sept. 29, 2020.

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BOJ starts real-time settlement system

TOKYO, Japan - Female employees of Dai-Ichi Kangyo Bank handle settlement data on computers in the bank's head office in Tokyo's Uchisaiwaicho district Jan. 4. The Bank of Japan launched the Real-Time Gross-Settlement system the same day to track the debts banks owe each other.

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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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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.

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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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Sugita named chairman of bankers' group

Katsuyuki Sugita, president of Dai-Ichi Kangyo Bank, meets the press in Tokyo on April 20 after being named chairman of the newly organized Japanese Bankers Association. The group, previously the Federation of Bankers Associations of Japan, was renamed as a result of organizational changes, including acceptance of foreign members for the first time. ==Kyodo

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Racketeer Koike sentenced to 9 months in payoff scandal

Ryuichi Koike, ''sokaiya'' corporate racketeer, enters the Tokyo District Court on April 21 to receive a ruling on a charge that he received illegally 12.4 billion yen in payoffs from four securities firms and Dai-Ichi Kangyo Bank. The court sentenced Koike to nine months in prison later in the day.

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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.