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BUSINESS
August 20, 1999 | MARK MAGNIER, TIMES STAFF WRITER
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.
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BUSINESS
August 31, 1991 | From Times Staff and Wire Reports
Japanese Bank Chiefs Give Ritualized Apologies: Three Japanese bank chiefs performed ritualized apologies before a parliamentary panel for their banks' roles in a web of scandals. But their remarkably similar words rang hollow to some analysts who had hoped for fundamental changes. The apologies from Yo Kurasawa, president of Industrial Bank of Japan Ltd.; Toru Hashimoto, president of Fuji Bank Ltd., and Sotoo Tatsumi, president of Sumitomo Bank Ltd.
BUSINESS
August 31, 1991 | From Times Staff and Wire Reports
Japanese Bank Chiefs Give Ritualized Apologies: Three Japanese bank chiefs performed ritualized apologies before a parliamentary panel for their banks' roles in a web of scandals. But their remarkably similar words rang hollow to some analysts who had hoped for fundamental changes. The apologies from Yo Kurasawa, president of Industrial Bank of Japan Ltd.; Toru Hashimoto, president of Fuji Bank Ltd., and Sotoo Tatsumi, president of Sumitomo Bank Ltd.
BUSINESS
March 14, 1989 | From Reuters
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.
BUSINESS
August 20, 1999 | MARK MAGNIER, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
November 28, 1987 | Leslie Berkman, Times Staff Writer
An investor group led by a San Francisco investment banking firm has bought Orange-based National Medical Homecare, one of the nation's largest home-care equipment chains, from its parent company, National Medical Enterprises Inc. of Los Angeles. Dennis Walsh, NMH's national sales manager, said the amount for which the company is being sold will probably be disclosed after the transaction is completed next week. Walsh said the investment group, called NMH Holdings Corp.
BUSINESS
March 14, 1989 | From Reuters
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.
BUSINESS
October 14, 1999 | Bloomberg News
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.
BUSINESS
July 28, 1992
Japanese banks continue to dominate the rankings of the world's biggest institutions. But European banks, especially French ones, gained ground as some Japanese banks slimmed down because of a soft domestic economy. Although several major U.S. banks--including BankAmerica, NationsBank and Chemical Banking--have grown substantially because of mergers, only one, New York's Citicorp, is among the world's top 25 banks. Assets Rank Bank Headquarters (billions) 1 Dai-Ichi Kangyo Bank Ltd. Tokyo $446.
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