NEWS FROM THE STANDARD |
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International News Briefs
Aug 14 2000 12:00 AM PDT
PROFILE |
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"Will you, Sumitomo Bank, take this bank, Sakura to be your lawfully binding merger partner?" The resulting "I do" created Sumitomo Mitsui Banking Corporation, among the world's largest bank with assets more than $950 billion. The bank provides commercial and investment banking, credit and equity derivatives, and financial advisory services. Sumitomo Life Insurance Co. offers its life insurance and payment remittance product, Live One, through Sumitomo Mitsui Banking. Sumitomo Mitsui Banking also sells the group trust products of Sumitomo Trust and Chuo Mitsui Trust. Sumitomo Mitsui is consolidating its trust operations by selling Sakura Trust and Banking to Chuo Mitsui Trust, which has ties to Sumitomo Mitsui.
COMPETITION |
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The Asahi Bank, Ltd. (dossier)
The Daiwa Bank, Limited (dossier)
Mizuho Holdings, Inc. (dossier)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 28,563.10
1-Yr. Sales Growth: 20.3%
Employees: 14,394
Revenue per employee: $1,984,375.43
KEY PEOPLE |
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Yoshifumi Nishikawa
CEO
Youhei Shiraga
CFO
CONTACT INFO |
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C-2, Marunouchi, 1-Chome, Chiyoda-ku
Tokyo 100, Japan
Phone: 81-3-3282-5111
Fax: 81-3-5512-4429
Online: Web Site
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