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(2)New banks, nonlife insurers kick off operations

TOKYO, Japan - Shigemitsu Miki (L), president of Mitsubishi Tokyo Financial Group Inc., and its chairman Akio Utsumi, cut a ribbon at a ceremony in Tokyo on April 2 to mark the launch of the company, a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank. Mitsubishi-Tokyo is one of three megabank groups which began operations the same day.

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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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Mitsubishi group banks name head of holding firm

TOKYO, Japan - File photos show (from L to R) Shigemitsu Miki, president of the Bank of Tokyo-Mitsubishi, and Akio Utsumi, president of Mitsubishi Trust & Banking Corp. The two banks and Nippon Trust Bank are due to integrate their operations next April by inaugurating a holding company, Mitsubishi Tokyo Financial Group Inc. Miki has been tentatively named president and Utsumi chairman of the holding company.

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BTM, Mitsubishi Trust announce alliance plan

TOKYO, Japan - Satoru Kishi (2nd from L), president of the Bank of Tokyo-Mitsubishi (BTM), and Akio Utsumi (3rd from L), president of Mitsubishi Trust & Banking Corp., along with Tomoaki Hirano (L), president of Nippon Trust Bank, and Hiroshi Hayashi, president of Tokyo Trust Bank, shake hands in Tokyo on April 19 after announcing an agreement to integrate their management under a joint holding company in April 2001. The two banks will create the world's fifth largest and Japan's fourth biggest banking group by assets. Mitsubishi Trust will also absorb two BTM trust subsidiaries, Nippon Trust Bank and Tokyo Trust Bank, in October 2001.

E

(2)New banks, nonlife insurers kick off operations

TOKYO, Japan - Shigemitsu Miki (L), president of Mitsubishi Tokyo Financial Group Inc., and its chairman Akio Utsumi, cut a ribbon at a ceremony in Tokyo on April 2 to mark the launch of the company, a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank. Mitsubishi-Tokyo is one of three megabank groups which began operations the same day.

E

(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.

E

Mitsubishi group banks name head of holding firm

TOKYO, Japan - File photos show (from L to R) Shigemitsu Miki, president of the Bank of Tokyo-Mitsubishi, and Akio Utsumi, president of Mitsubishi Trust & Banking Corp. The two banks and Nippon Trust Bank are due to integrate their operations next April by inaugurating a holding company, Mitsubishi Tokyo Financial Group Inc. Miki has been tentatively named president and Utsumi chairman of the holding company.

E

BTM, Mitsubishi Trust announce alliance plan

TOKYO, Japan - Satoru Kishi (2nd from L), president of the Bank of Tokyo-Mitsubishi (BTM), and Akio Utsumi (3rd from L), president of Mitsubishi Trust & Banking Corp., along with Tomoaki Hirano (L), president of Nippon Trust Bank, and Hiroshi Hayashi, president of Tokyo Trust Bank, shake hands in Tokyo on April 19 after announcing an agreement to integrate their management under a joint holding company in April 2001. The two banks will create the world's fifth largest and Japan's fourth biggest banking group by assets. Mitsubishi Trust will also absorb two BTM trust subsidiaries, Nippon Trust Bank and Tokyo Trust Bank, in October 2001.