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Daiwa Bank denies report of division spin-off.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, May 30 Kyodo

(EDS: UPDATING INFORMATION AND ADDING STOCK PRICE)

Daiwa Bank Ltd. denied Wednesday a media report that it is planning to spin off its main profit-making trust banking division within the year to improve its overall financial position.

Daiwa said in a statement that it is...

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