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BUSINESS
October 11, 1990 | From Reuters
Prosecutors today linked a second major Japanese bank, Tokyo-based Sanwa Bank, to a growing stock manipulation scandal. In a hearing before the Tokyo District Court, prosecutors charged stock speculator Mitsuhiro Kotani and a longtime associate with conspiring to manipulate the share prices of a large resort development firm in April. They also alleged that Sanwa Bank provided Kotani and associates with $238.
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CALIFORNIA | LOCAL
July 7, 2000 | DAVID ROSENZWEIG, TIMES STAFF WRITER
He's been dubbed the "Kangaroo Bandit" because he scoops his loot into a backpack that he wears on his chest. In a year, he has robbed 21 banks throughout Southern California. On Thursday, the anniversary of his first score in Tustin, the FBI announced a $15,000 reward for information leading to his arrest and conviction. "We desperately need the public's assistance," said FBI Agent Dan Bondony. "The sooner he gets off the streets, the better it is for everyone."
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REAL ESTATE
January 15, 1989
Sanwa Bank California has signed a lease valued at more than $100 million for about 200,000 square feet in the 52-story office building now under construction by Mitsui Fudosan USA at Wilshire Boulevard and Figueroa Street Industry sources say the lease is for 15 years and that the building is expected to be called the Sanwa Bank Plaza--Figueroa at Wilshire. The building is scheduled to be ready for tenants on Sept. 1, 1990.
BUSINESS
August 27, 1999
* Becky C. Shelton has been named an executive vice president and head of the new wealth management division at Los Angeles-based Sanwa Bank California. Her appointment is part of ongoing personnel changes that began in January, when Sanwa announced a bankwide management reorganization that included the formation of the wealth management division. At that time, Sanwa created two distinct business units: a retail bank and a commercial bank.
BUSINESS
September 4, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
In the latest surprise to hit the U.S. government securities market, Sanwa Bank Ltd. said Tuesday that it replaced three top officials at its New York bond trading subsidiary. Coming amid a widening federal investigation of dealings in the Treasury market, the abrupt move prompted intense speculation on Wall Street that the changes might be linked to the inquiries.
CALIFORNIA | LOCAL
January 29, 1994
Sanwa Bank California on Friday donated $150,000 and became the first corporate sponsor to participate in the Los Angeles Public Library's Adopt-A-Branch program. For the next three years the bank will sponsor the Mark Twain branch library in South-Central Los Angeles and will provide computers, typewriters, books and other materials. Sanwa Bank employees will donate time to assist children with homework and provide job information to adults.
BUSINESS
August 7, 1993 | From Reuters
Japan's Sanwa Bank Ltd. wants to increase its presence in California by buying a big bank with hundreds of branches, a top executive said in an interview. "That is our ultimate target," Masahiro Yoda, a Sanwa managing director, said in an interview with Reuters. Yoda said Sanwa, the world's fourth-biggest banking company, would like to triple its assets in the state to about $20 billion and have 500 branches, compared to about 100 now.
BUSINESS
May 3, 1992 | JAMES BATES, TIMES STAFF WRITER
An instant architectural landmark since it opened early last year, Sanwa Bank California's 52-story mixture of granite, glass and bronze towers over the western fringe of downtown Los Angeles, a blue-green glow shining at night from its top three stories.
BUSINESS
January 9, 1996 | Times Staff and Wire Reports
Sanwa Bank California Names New President and CEO: Tamio "Tom" Takakura, senior executive vice president and chief operating officer of the Sanwa division, has the appointment, pending board approval Wednesday. He would succeed Hiro Nobuhara, who has been promoted to a senior post with Sanwa Bank in Japan. Takakura, 50, has overseen the development and implementation of a new strategic midterm plan for the bank, which is based in Los Angeles and is the fifth-largest in California, with $7.
BUSINESS
August 13, 1999
* Steven M. Takei has been named a senior vice president and regional manager in the newly reorganized commercial banking division of Sanwa Bank California, the Los Angeles-based subsidiary of Japan's Sanwa Bank. Takei's appointment stems from a bankwide management restructuring begun in January when Sanwa changed its corporate structure to include two distinct business units--a retail bank and a commercial bank.
BUSINESS
June 27, 1999
James Flanigan and The Times continue to perpetuate the myth that City National "is now the largest bank headquartered in this region, after the departure of the home offices of bigger institutions" ["A Big Advantage for Not-So-Big Banks," May 26]. Sorry, but no matter how you slice it, Sanwa Bank California, which is headquartered in that 50-story building known as Sanwa Bank Plaza at the intersection of Wilshire and Figueroa in downtown Los Angeles, is indisputably the largest bank headquartered in this region, with nearly $9 billion in assets.
BUSINESS
December 24, 1998 | From Bloomberg News
Sanwa Bank California said it will start charging nondepositors $1.50 for use of its automated teller machines next spring, the last large bank to abandon a promise not to impose such fees. The decision by the unit of Japan's Sanwa Bank Ltd. and the third-largest bank in California, will affect 108 ATMs throughout the state. It comes after Union Bank of California, Glendale Federal Bank and California Federal Bank all dropped out of a "no surcharge alliance" with Sanwa and other banks.
BUSINESS
November 6, 1998 | From Bloomberg News
Sanwa Bank Ltd., Japan's fourth-largest lender, will stop extending loans to non-Japanese corporate customers overseas and close six of its 11 branches in the U.S. and Europe by March, the bank said. In the U.S., Sanwa plans to shutter all but its New York and Los Angeles branches. The bank will keep sales offices in Houston, Chicago and San Francisco. In Europe, it will keep its London, Brussels and Dusseldorf, Germany, branches.
BUSINESS
September 27, 1998
Ironically, it was Union Bank of California that founded the no-surcharge alliance of banks and savings institutions just last year, a fact it ballyhooed at a big press conference at the Hollywood Roosevelt Hotel. But there was no big press notice when this same institution, the third-largest bank in the state, decided to quietly join the enemy camp and begin surcharging ["Union Bank Decision a Blow to ATM Group," Sept. 11]. We find this whole sorry episode especially galling since we participated in the press conference with Union Bank and became a charter member of the alliance, pledging to not add an extra fee on top of the fees already charged when a non-customer uses one of our 107 ATMs in the state.
BUSINESS
March 31, 1998 | BARBARA MURPHY
Sanwa Bank California, the state's fourth-largest bank with $8.1 billion in assets and offices from San Diego to San Francisco, has opened its 107th branch, at 180 N. Moorpark Road in Thousand Oaks. By opening an office in the Conejo Valley, Sanwa officials said they were making good on their promise to fill gaps in banking services that have plagued smaller communities when Sanwa's larger rivals have merged, closed offices and fled to more profitable regions.
BUSINESS
January 28, 1998 | Debora Vrana
Los Angeles-based Sanwa Bank California, the state's fourth-largest bank, said its net income declined 7% in the fourth quarter to $22.4 million as a result of a special tax charge. For 1997, the bank's profit increased 23% to $89.7 million over the previous year. Closely held Sanwa Bank, with $8.1 billion in assets and more than 100 offices, is rumored to be a prime acquisition candidate as more banks consolidate because of a loosening of regulations governing banking. Sumitomo Bank Ltd.'
BUSINESS
December 24, 1998 | From Bloomberg News
Sanwa Bank California said it will start charging nondepositors $1.50 for use of its automated teller machines next spring, the last large bank to abandon a promise not to impose such fees. The decision by the unit of Japan's Sanwa Bank Ltd. and the third-largest bank in California, will affect 108 ATMs throughout the state. It comes after Union Bank of California, Glendale Federal Bank and California Federal Bank all dropped out of a "no surcharge alliance" with Sanwa and other banks.
CALIFORNIA | LOCAL
February 20, 1998
Two men suspected of robbing the same bank three times in the last several months have been arrested, police said Thursday. James Elijah Simon, 23, of Los Angeles and Travone Barry Franklin, 20, of Inglewood were arrested Wednesday evening after an employee of Sanwa Bank in the 9700 block of Washington Boulevard recognized them as the suspects who robbed the bank Jan. 6, police said.
BUSINESS
January 28, 1998 | Debora Vrana
Los Angeles-based Sanwa Bank California, the state's fourth-largest bank, said its net income declined 7% in the fourth quarter to $22.4 million as a result of a special tax charge. For 1997, the bank's profit increased 23% to $89.7 million over the previous year. Closely held Sanwa Bank, with $8.1 billion in assets and more than 100 offices, is rumored to be a prime acquisition candidate as more banks consolidate because of a loosening of regulations governing banking. Sumitomo Bank Ltd.'
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