March 14, 1989 |
James D. Wolfensohn Inc., the investment bank that landed former Federal Reserve Chairman Paul A. Volcker as a consultant when he left the Fed, said Monday that it has joined with another powerful partner, Japan's Fuji Bank, to advise Japanese and U.S. companies on mergers. The new firm, Fuji-Wolfensohn International, will be a joint venture launched with initial investment capital of $55 million, $52.5 million of it from Fuji, the world's second-largest bank with assets of $345 billion.
August 20, 1999 |
In a move that promises to shake up Japan's entrenched financial system, three large Japanese banks confirmed early today that they have agreed on an alliance that would create the world's largest banking group. Analysts said the combination of two commercial banks--Dai-Ichi Kangyo Bank and Fuji Bank--plus the Industrial Bank of Japan, a long-term-credit bank, could pave the way for a host of other bank mergers and serve as a model for corporate consolidation.
October 14, 1999 |
Sumitomo Bank Ltd. and Sakura Bank Ltd. said they are in talks to merge, a deal that would create the world's second-largest bank at nearly $940 billion in assets. The companies said no decision has been made on the timing of a merger and that no other financial institutions are involved in the negotiations. Japan's Nihon Keizai financial newspaper reported that the banks will probably merge in two years. The banks said they were not yet prepared to give any details.
September 15, 1989
Construction was recently topped out on the 15-story office tower that will serve as Western Digital Corp.'s international headquarters when it is completed next year. More than 1,000 employees of the computer products manufacturer will be housed in the new building located in Irvine Spectrum, a 2,600-acre center for research, technology and business under development by the Irvine Co. FACTS AND FIGURES Address: Irvine Center Drive and Pacifica in Irvine Center. Developer: The Irvine Co.