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Topic: Sakura Bank


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In the News (Thu 16 Feb 12)

  
  Modern Japan - Japan Inc. - Companies (5)
After acquiring Asahi Bank in 2002, the group was renamed Resona Holdings, Inc., "resona" being the Japanese for "ideal".
The bank announced plans to merge with Sumitomo Bank in 2001 to form Sumitomo Mitsui Banking Corp, now Sumitomo Mitsui Financial Group, the third-largest bank in the world.
It was created at a time when many Japanese banks were undergoing radical changes as a result of a 10-year slump in the economy and a seeming inability to resolve huge bad debts.
www.japan-zone.com /modern/company5.shtml   (1847 words)

  
  The Impack of World's Second Largest Bank Merger on "Japan, Inc."   (Site not responding. Last check: 2007-10-15)
Sakura Bank is the sixth largest bank in Japan and the main bank of the Mitsui groups of companies.
By seating a bank representative on the board of directors of the borrowing company, the main bank is closely involved in the business and financial plans of the firm.
The presidents of Sumitomo Bank and Sakura Bank admitted that the three-way merger among DKB, Fuji and IBJ had accelerated their decision to merge.
www.oycf.org /Perspectives/3_123199/impact_of_world.htm   (2264 words)

  
 Mitsui Group   (Site not responding. Last check: 2007-10-15)
In particular the Mitsui Bank which had in effect been the bank of the Imperial government emerged from the transition period as only the eighth largest city bank.
In 1990 the Mitsui Bank merged with Taiyo Kobe Bank to raise its stature but the combined banks still did not give Mitsui number one rank.
Sakura Bank is one of the core enterprises of the Mitsui Group but the leadership of the group has been concentrated more in the group's shosha, Mitsui Bussan.
www.sjsu.edu /faculty/watkins/mitsui.htm   (327 words)

  
 Bank_Merger
The news Thursday that Sumitomo Bank, widely regarded as one of Japan's stronger banks, and Sakura Bank, one of the weaker of the big banks, are forming an alliance that will lead to a merger in two years came just a week after the Asahi Bank and the Tokai Bank accelerated plans to combine.
Banking industry analysts said that a combined Sumitomo-Sakura would be a strong force in Japanese retail banking and much better equipped to invest in information-technology to reduce costs and provide online banking and trading services.
Not only does that signal that the far-reaching overhaul of the banking system that the government promised when it plowed $7.5 trillion yen in public money into the major banks is occurring, it also suggests more wide-reaching reorganization is ahead for the corporations that are their clients.
hkadota.freeservers.com /my_job/Press.htm   (1608 words)

  
 BBC News | The Company File | Huge Japanese bank merger
Sumitomo Bank, one of Japan's biggest and strongest financial institutions, has said it is in talks with Sakura Bank about a possible merger.
But Sumitomo is by far the stronger partner, while many banking analysts said they had been "very worried" about Sakura, which received a cash injection from the government to help cover its bad debts.
Sakura Bank is part of the Mitsui Group while Sumitomo is part of the rival Sumitomo Group.
news.bbc.co.uk /1/hi/business/the_company_file/474415.stm   (472 words)

  
 Asia Times: Online bank takes on tradition
Before he set up Japan Net Bank in December, Miyagi was developing the Center for Ageing and Environmental Studies, a section he had set up at Sakura Bank.
Sakura Bank's decision to launch the electronic service is "a crucial move in Japan's rapidly growing Internet scene", he explains.
Already, two other virtual banks, including one from Sony Corp, which is awaiting a banking license, are expected to enter the market soon.
www.atimes.com /japan-econ/CA26Dh01.html   (573 words)

  
 J@pan Inc Magazine January 2000 - Sakura, Fujitsu Move Virtual Banking Ahead   (Site not responding. Last check: 2007-10-15)
Offering a variety of bank services, with lower charges and higher interest rates compared with both conventional and Net banks, this virtual bank newcomer should be a welcome addition to an otherwise high-cost, slow-service industry.
Sakura Bank and Fujitsu will obtain a license for the virtual bank from the Financial Supervisory Agency, with plans to launch banking services in the summer of 2000 at the latest.
Sakura Bank has not yet announced transaction fees and interest rates; however, the bank has indicated that their offerings will be better than conventional banks because of the elimination of the usual face-to-face services.
www.japaninc.com /print.php?articleID=251   (695 words)

  
 The Deutsche Bank/Dresdner Bank merger: a struggle for worldwide market domination   (Site not responding. Last check: 2007-10-15)
The merger announced on March 7 of Deutsche Bank AG and Dresdner Bank AG, Germany's largest and third-largest banks, respectively, to form the biggest financial institution in the world is the German response to increasingly tough competition for domination of the world financial markets.
This is why the spin-off of branch-based retail banking to Bank 24, which is scheduled to be floated on the stock market in three years, is one of the main elements of the merger deal.
This is why Breuer sees his bank's merger with Dresdner Bank as being merely "a first step in the direction of greater competitiveness and further expansion" in order to attain the required magnitude for planned acquisitions in the American investment banking sector.
www.wsws.org /articles/2000/mar2000/germ-m18.shtml   (2104 words)

  
 Banks in Delhi,Delhi Banks,Banking in Delhi,New Delhi Banking,Atm Bank Delhi,Banking Service in Delhi,Travel in ...   (Site not responding. Last check: 2007-10-15)
It is estimated that there are some 63,000 bank branches across the subcontinent, including those in small villages.
Significant reforms have been introduced to the banking sector in recent years, the most important of which was the entry of new private and foreign banks, as well as the easing of restrictions on foreign bank activities.
Most foreign banks in Delhi are open 10 a.m.-2 p.m., Mondays to Fridays, and 10 a.m.-noon on Saturdays.
www.hotelsindelhi.net /banks-exchanges-atm-in-delhi.html   (314 words)

  
 Reports 11/99 -- Sakura and Fujitsu to launch Internet bank   (Site not responding. Last check: 2007-10-15)
Sakura is initially targeting one million accounts, and transactions, which will include liquid deposits, time deposits, remittances, and transfers as well as small loans, will also be available by mail, telephone, and fax.
Sakura plans to staff the bank with only 20 of its employees plus some customer support staff.
Fujitsu and Sakura argue that it will not only be a lot easier to instruct only one bank to make virtual payments, but it will be more secure.
www.japaninc.com /mag/comp/1999/11/print/nov99p_reports_sakura.html   (512 words)

  
 Sumitomo, Sakura to merge - Oct. 14, 1999
Sumitomo and Sakura said they would reduce their combined work force by 9,300, or nearly 30 percent, by March 2004.
     The merger is seen as a rescue of Sakura, which had been pressed to find a strong partner because of its fragile financial health and relatively high level of problem loans, estimated at 1.8 trillion yen at the end of March.
Dai-Ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan said in August they will merge, creating the world's biggest bank, with assets of more than $1.3 trillion.
cnnfn.com /1999/10/14/asia/japan_banks   (567 words)

  
 Sumitomo Bank, Sakura Bank to repay $13.3 billion in public funds
Although the government's trillions of yen in capital injections into the banking sector gave no deadline for repayment, analysts said Japan's big banks, most of which are merging with others to bolster their competitiveness, would be keen to emulate Sumitomo's and Sakura's plans.
Sumitomo Bank is down 30 per cent from its high for the year marked on April 5 while Sakura Bank has shed nearly 20 per cent over the same period, in line with declines across Japan's banking sector.
Banks' shares have been hit by fears that a rise in bankruptcies will boost their bad loan burden while falling Tokyo share prices have trimmed latent profits on their shareholdings.
www.expressindia.com /fe/daily/20001227/fco27034.html   (658 words)

  
 Sumitomo, Sakura Bank will merge by 2001
The combination of Sumitomo and Sakura, unveiled late last year, would be significant not only for its size but also as another sign that the alliances that have held corporate Japan together for many decades are breaking down and new alliances are forming.
Sakura, burdened by huge bad loans from the bubble era, was considered among Japan's shakiest banks until March, when the government came to the rescue with a capital infusion of 800 billion yen.
Nishikawa added.The new bank's headquarters will be based in Tokyo, with some main functions also remaining in Osaka, where Sumitomo Bank is currently based.Shares in Sumitomo Bank and Sakura Bank were traded actively Friday to adjust to their proposed merger ratio.
www.expressindia.com /fe/daily/20000422/fec22046.html   (808 words)

  
 Sakura - Contacts
Except peak period from 22/12 till 07/01 and Eastern holidays must be revised with your tour operator upon confirmation of your reservation by correspondence.
Please print Sakura Travel Credit Card Form, fill it and send it to our fax: (+202- 527 2270) with a copy of your credit card the front and back.
Money to be sent to the following bank account with the bank charges from your end paid in full.
www.sakuratraveleg.com /contacts/payment.asp   (358 words)

  
 [No title]
Sakura, a subsidiary of Sakura Bank, was engaged in the business of selling derivatives, including forward purchase agreements ("forwards").
The Complaint alleges that at the time Strauss executed the forward on behalf of Sakura, Sakura was planning to pay a $6.593 million brokerage fee to Stifel.
The Complaint alleges that Sakura and Strauss knew or were reckless in not knowing that such a brokerage fee would jeopardize the tax-exempt status of the bonds.
www.sec.gov /litigation/litreleases/lr16063.txt   (615 words)

  
 Sakura Bank (Japan)   (Site not responding. Last check: 2007-10-15)
In 1995, the Japanese banking industry faced exceptionally difficult economic conditions: the yen appreciated to a postwar high of ¥79 to the U.S. dollar in April, and the Nikkei stock price average fell to the lowest level since the collapse of Japan’s bubble economy.
Sakura Bank wanted to move quickly to consolidate and strengthen its position among the world’s principal banking institutions.
One of Sakura Bank’s key challenges was to reduce the risk in its loan portfolio.
www.himalaya.compaq.com /object/SAKURACR.html   (1152 words)

  
 Sakura Bank Teams With Fujitsu to Launch Net Bank in Japan - Computer Business Review
The Sakura Bank Ltd and Fujitsu Ltd will jointly establish an online-only bank aimed at Japan's internet and online information service users.
The bank itself should commence operations in the first half of 2000.
A name has yet to be chosen, but the bank will begin life with 20bn yen, 90% of it Sakura's and the remainder provided by Fujitsu.
www.cbronline.com /article_cg.asp?guid=33A1C456-D417-4204-9626-F44A23895F84   (173 words)

  
 The Sakura Bank, Limited - Wikipedia, the free encyclopedia
Wikimedia needs your help in the final days of its fund drive.
The Sakura Bank, Limited (Sakura Bank) was a Japanese bank.
It merged with Sumitomo Bank on April 1, 2001, forming the Sumitomo Mitsui Banking Corporation.
en.wikipedia.org /wiki/Sakura_Bank   (84 words)

  
 Sakura Banks on Customer Informa   (Site not responding. Last check: 2007-10-15)
Sakura Bank, one of Japan’s leading financial institutions, envisioned a new financial era in which analysis of customer information could be a key to retaining and strengthening its position among the world’s global financial services institutions.
The bank turned to its subsidiary, Sakura Information Systems, for a customer information system to realize its vision: a comprehensive information repository of customer transaction history and demographic data to support new marketing initiatives, profitability analysis, and customer service applications.
Today, the customer information system at Sakura Bank enables it to analyze the lifetime value of its customers and develop campaigns designed to retain the most valued clients.
www.himalaya.compaq.com /object/crmsakcr.html   (375 words)

  
 JP Morgan, Sakura Invest in Sony Net Bank
Bruce Carnegie-Brown, chairman of JP Morgan Securities Asia, will also attend, along with Sakura Bank president Akishige Okada, and sources close to the deal said J.P. Morgan would be taking a four percent stake in the venture.
Sony and Sakura Bank said earlier this week they were in talks for the financial institution to take a stake in the online bank, which will offer retail-level settlement services for paying online transactions, public utility fees and loans.
Officials at Sakura -- which already has its own Internet bank -- said the size of a possible stake in the venture was not yet decided, but Japanese media put it at 10 to 20 percent.
www.thestandard.com /article/0,1902,13495,00.html   (589 words)

  
 Capital Allocation and Bank Management Based on the Quantification of Credit Risk
It is therefore useful to keep risk within a certain level in relation to capital, considering that financial institutions must control their risk appropriately to maintain the safety and soundness of their operation.
As shareholder-owned companies, banks are expected to maximize return on equity during this competitive era, while performing sound and safe banking functions as financial institutions with public missions.
Banks are finding it useful to conduct business according to the management method that requires them to maintain risk within capital and to use risk-adjusted return on allocated capital as an index of profitability based on more accurate quantification of credit risk.
www.defaultrisk.com /pp_other_04.htm   (246 words)

  
 ::: Manufacturers Bank - About Us - SMBC :::
Sumitomo Mitsui Banking Corporation, our parent bank, is a financial institution with one of the longest corporate histories in Japan - with over 300 years of tradition.
In 1990, Mitsui Bank, Limited and Taiyo Kobe Bank, Limited, two major commercial banks, completed a strategic merger, which resulted in the birth of Mitsui Taiyo Kobe Bank, Limited, the largest commercial bank in Japan at that time.
Manufacturers Bank maintains a very close and cooperative relationship with Sumitomo Mitsui Banking Corporation, our parent bank.
www.manufacturers-ca.com /html/about_smbc.htm   (142 words)

  
 Sakura Bank, Limited
According to Professor Parker “We created these reports in response to two inescapable trends: a return to fundamentals and globalization.” The goal of these reports is to assist consultants, financial managers, strategic planners, and corporate officers in gauging indicators of Sakura Bank, Limited’s financial and human resource structure.
On the liability side, does Sakura Bank, Limited typically have a higher percent of payables compared to the benchmarks, or does it hold a higher concentration of long-term debt?
For each part of the financial statement, the larger structural differences and gaps between Sakura Bank, Limited and the global benchmarks are provided with summary tables of ranks and percentiles.
www.icongrouponline.com /pr/Sakura_Bank,_Limited_JP/PR.html   (647 words)

  
 Banks, International Banks, Bank Directory, Banks Worldwide, Directory of World Banks, Banks Websites, Banking ...   (Site not responding. Last check: 2007-10-15)
Click on the respective alphabet to begin your search for a particular bank or scroll down to the appropriate section beginning with that alphabet.
However, if you do not find the official site of the bank you are looking for, then use the feedback link at the bottom of this page to apprise us of the same.
BI/BM is an Andorran banking group whose purpose is to attend to the needs of its customers and anticipate them, meeting their expectations, with an organization orientated to the creation of value and with quality as its differentiating competitive element.
www.123world.com /banks   (352 words)

  
 Japanese culture and daily life/Enjoying the Cherry Blossom   (Site not responding. Last check: 2007-10-15)
During this period, the weather authorities at the Meteorological Agency report on the advance of the sakura zensen, " the cherry blossom front, " as warm weather moves northward, and people begin to look forward with anticipation to its arrival and the true end of winter's cold that it signals.
The superexpress "Sakura" is a sleeper train that runs between Tokyo and Nagasaki in Kyushu.
The Sakura Bank is one of Japan's largest banks.
www.tjf.or.jp /eng/ge/ge11hana.htm   (1445 words)

  
 Sumitomo, Sakura to merge - Oct. 14, 1999
Sumitomo and Sakura said they would reduce their combined work force by 9,300, or nearly 30 percent, by March 2004.
     The merger is seen as a rescue of Sakura, which had been pressed to find a strong partner because of its fragile financial health and relatively high level of problem loans, estimated at 1.8 trillion yen at the end of March.
Dai-Ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan said in August they will merge, creating the world's biggest bank, with assets of more than $1.3 trillion.
money.cnn.com /1999/10/14/asia/japan_banks   (632 words)

  
 Thiripyitsaya Sakura, Bagan, Myanmar - Discount Reservations Up To 80% Off !!!   (Site not responding. Last check: 2007-10-15)
he hotel is on the bank of The Ayeyarwaddy River with its 24 acres gardens of exotic flowers, plants and shrubs that has been lovingly tended over the years.
Here, you can relax on the lawn with a good book, enjoy a quiet afternoon stroll through the gardens and long shadows of 12th century pagodas or watch the golden Myanmar sunset over the hills across the river and experience the spirit of Myanmar.
Situated on the bank of The Ayeyarwaddy River.
www.myanmar-hotels-discount.com /hotels/thiripyitsaya-sakura/thiripyitsaya-sakura-bagan-myanmar.shtml   (256 words)

  
 Daiwa Securities SMBC Europe Limited   (Site not responding. Last check: 2007-10-15)
Daiwa Securities Group Inc. (Yoshinari Hara, President), The Sakura Bank, Limited (Akishige Okada, President), The Sumitomo Bank, Limited (Yoshifumi Nishikawa, President), Daiwa Securities SB Capital Markets Co. Ltd.
And thereafter as the wholesale joint venture company owned by Daiwa Securities Group Inc. and Sumitomo Mitsui Banking Corporation (the new bank after the merger of Sakura Bank and Sumitomo Bank), Daiwa SBCM will expand its business by the addition of the long standing customer relationships and business skills of Sakura Bank and Sakura Securities.
While Sakura Securities will transfer all of its businesses to Daiwa SBCM, Sakura Bank is considering transfer of certain parts of its wholesale securities business sections to Daiwa SBCM.
www.daiwasmbc.co.uk /pressarea/PA281100.asp   (235 words)

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