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Sanwa, Tokai banks to abolish advisers system in Jan.

Publication: Japan Weekly Monitor
Publication Date: 23-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 22 Kyodo

Sanwa Bank and Tokai Bank, two of the three banks under UFJ Holdings Inc., plan to abolish a costly advisers system when they merge in January 2002, bank officials said Friday.

The move comes amid growing criticism among lawmakers that banks that have received public...

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