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The Bank Of Tokyo-Mitsubishi UFJ
is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks" (along with SMBC and Mizuho). As such, it is considered a systemically important bank by the Financial Stability Board. The bank serves as the core retail, corporate, and investment banking arm of the Mitsubishi UFJ Financial Group. Its traditional client base is made up of Japanese corporates, but overseas corporate lending increased 35% in the nine months to December 31, 2011. As of June 23, 2019, Mitsubishi UFJ Financial Group / MUFG Bank was ranked as the largest bank in Japan and the fourth largest in the world. The bank's head office is in Marunouchi, Chiyoda, Tokyo, and it has 772 other offices in Japan and 76 offices overseas. History Formation MUFG Bank is the product of three bank mergers that occurred between 1996 and 2006. Mitsubishi Bank was founded in 1880 b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chiyoda, Tokyo
is a special ward located in central Tokyo, Japan. It is known as Chiyoda City in English.Profile ." ''City of Chiyoda''. Retrieved on December 28, 2008. It was formed in 1947 as a merger of Kanda and Kōjimachi wards following Tokyo City's transformation into Tokyo Metropolis. The modern Chiyoda ward exhibits contrasting |
Marunouchi
Marunouchi () is a commercial district of Tokyo located in Chiyoda between Tokyo Station and the Imperial Palace. The name, meaning "inside the circle", derives from its location within the palace's outer moat. It is also Tokyo's financial district and the country's three largest banks are headquartered there. History In 1590, before Tokugawa Ieyasu entered Edo Castle, the area now known as Marunouchi was an inlet of Edo Bay and had the name ''Hibiya.'' With the expansion of the castle, this inlet was filled, beginning in 1592. A new outer moat was constructed, and the earlier moat became the inner moat. The area took the name ''Okuruwauchi'' ("within the enclosure"). '' Daimyōs'', particularly ''shinpan'' and '' fudai'', constructed their mansions here, and with 24 such estates, the area also became known as ''daimyō kōji'' ("daimyō alley"). The offices of the North and South Magistrates, and that of the Finance Magistrate, were also here. Following the Meiji Res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asahi Bank
() is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headquartered in Osaka, and Saitama Resona Bank, a smaller bank headquartered in Saitama City which primarily serves Saitama Prefecture. Most of these banks' operations are descended from Daiwa Bank and Asahi Bank, which merged in 2003. History Daiwa Bank Resona was formed as the Osaka Nomura Bank in 1918. This entity served as the financing arm of the Nomura ''zaibatsu'' founded by Tokushichi Nomura. Its securities brokerage operation separated in 1926 to form Nomura Securities, now Japan's largest securities company. The bank was renamed Nomura Bank in 1927 and became the main bank for the Osaka Prefecture government in 1929, immediately following the 1929 stock market crash. The Nomura ''zaibatsu'' was dissolved in the wake of World War II ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keiretsu
A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The ''keiretsu'' system dominated the Japanese economy for the second half of the 20th century, following the dissolution of the '' zaibatsu'' after World War II, and, to a lesser extent, continues to do so in the early 21st century. The members' companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in projects. It is a key element of the manufacturing industry in Japan. History The prototypical ''keiretsu'' appeared during the Japanese economic miracle which followed World War II, amid the dissolution of family-controlled vertical monopolies called '' zaibatsu''. The ''zai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanwa Group
The was a leading Japanese keiretsu, based in Osaka, between World War II and the Japanese asset price bubble in the early 1990s. It remains in existence as a jointly held company called . Sanwa Bank was a major financier for the textile industry in the 1950s. After arranging an affiliation between Ube Industries and Nippon Rayon in 1954, Sanwa began promoting industrial transactions between its major customers, formalizing the process in the early 1960s through the establishment of special promotion units. In 1968, Sanwa arranged the merger of the Nissho and Iwai trading companies to form Nissho Iwai (now Sojitz), creating a large general trading company to cater to its customers. The three largest members of the group ( Hitachi Shipbuilding, Ube Industries and Teijin) had relatively independent positions with no cross-shareholdings. The development of this group paralleled the development of the Fuyo Group and DKB Group around alliances between major banks and trading companie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanwa Bank
was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It merged with Tokai Bank to form UFJ Bank (now part of MUFG Bank). In the 1990s, it was the most profitable bank in the world, and second-largest in terms of assets behind its eventual merger partner Tokyo-Mitsubishi. Sanwa was formed by the 1933 merger of three Osaka-based banks. The oldest of these banks, Kōnoike Bank, dated its operations back to 1656, when the Kōnoike family of Osaka established a money exchange business. The exchange was chartered to provide services for the Tokugawa shogunate in 1670. In 1877, it was awarded a national bank charter. By the 1930s, Kōnoike was unable to compete with larger banks tied to ''zaibatsu'' conglomerates, so it merged with the Sanjushi Bank and Yamaguchi Bank. It became the largest bank in Japan in terms of assets during the years prior to World War II. During the postwar era, Sanwa was a major financier of Japanese heavy industry as the central h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Asset Price Bubble
The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion.Kunio Okina, Masaaki Shirakawa, and Shigenori Shiratsuka (February 2001):The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons More specifically, over-confidence and speculation regarding asset and stock prices were closely associated with excessive monetary easing policy at the time.Edgardo Demaestri, Pietro Masci (2003): Financial Crises in Japan and Latin America, Inter-American Development Bank Through the creation of economic policies that cultivated the marketability of assets, eased the access to credit, and encouraged speculation, the Japanese government started a prolonged and ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yokohama Specie Bank
was a Japanese bank founded in Yokohama, Japan in the year 1880. Its assets were transferred to The Bank of Tokyo (now MUFG Bank) in 1946. The bank played a significant role in Japanese overseas trade, especially with China. The original bank building is now the Kanagawa Prefectural Museum of Cultural History. Background Following the signing of the Treaty of Amity and Commerce in 1859, Yokohama was opened as a port for foreign trade and quickly grew in importance. Through the New Currency Act of 1871, Japan adopted the gold standard along international lines, with 1 yen corresponding to 1.5g of pure gold. Silver coins were also issued for trade with Asian countries who favoured silver as a currency, thus establishing a de facto gold-silver standard.Japan Currency Museum (日本貨幣博物館) permanent exhibit However, inflation caused by the 1877 Satsuma Rebellion and the outflow of a large amount of silver due to increased imports, a large discrepancy arose between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UBS AG
UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. Because of the bank's large positions in the Americas, EMEA, and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank. Apart from private banking, UBS provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients with international service. UBS manages the largest amount of private wealth in the world, counting approximately half of the world's billionaires among its clients. Despite its trimming of sell-side operations, UBS maintains a global investm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Bank Corporation
Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland with over CHF300 billion of assets and CHF11.7 billion of equity. Throughout the 1990s, SBC engaged in a large growth initiative, shifting its focus from traditional commercial banking into investment banking, in an effort to match its larger Swiss rival Credit Suisse. As part of this strategy, SBC acquired US-based investment bank Dillon Read & Co. as well as London-based merchant bank S.G. Warburg in the mid-1990s. SBC also acquired Chicago-based Brinson Partners and O'Connor & Associates. These acquisitions formed the basis for a global investment banking business. In 1998, SBC merged with Union Bank of Switzerland to form UBS, the largest bank in Europe and the second largest bank in the world. The company's logo, which featured three keys, symbolizing "confidence, security, and discret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bank Of Switzerland
Union Bank of Switzerland (UBS) was a Swiss investment bank and financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998, to become UBS to form what was then the largest bank in Europe and the second largest bank in the World. UBS was formed in 1912 through the merger of the Bank in Winterthur and Toggenburger Bank, both founded in the early 1860s. UBS then continued to grow through acquisitions, including Aargauische Kreditanstalt in 1919, Eidgenössische Bank in 1945, Interhandel Basel in 1967, Phillips & Drew in 1986, and Schröder, Münchmeyer, Hengst & Co. in 1997 among others. The historical UBS logo comprises the initials "UBS" horizontally, referring to the "Union Bank of Switzerland", "Union de Banques Suisses" or "Unione di Banche Svizzere", crossed by vertical "SBG", referring to the name of the bank in German "Schweizerische Bankgesellschaft". "UBS" ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bank Of Tokyo
was a Japanese foreign exchange bank that operated from 1946 to 1996. In January 1996, it merged with Mitsubishi Bank to form The Bank of Tokyo-Mitsubishi (now MUFG Bank). Its headquarters was in the Nihonbashi district of Tokyo, adjacent to the Bank of Japan. BOT was the successor to the Yokohama Specie Bank, a state-chartered foreign exchange bank, and initially operated as an ordinary bank using the YSB's assets. In 1954 it became registered as a specialized foreign exchange bank, and closed all of its business unrelated to foreign trade. BOT became a close partner of the Ministry of Finance and the Japan Bank for International Cooperation in directing Japan's foreign trade policy during the postwar era. BOT had major operations in New York and London, and developed an early system to settle payments between Japanese yen and Chinese yuan during a time when direct foreign exchange was not possible. Due to the peculiarly international nature of its business, BOT was the only J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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