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Daiwa Bank to establish trust banking unit next Mon.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OSAKA, Dec. 6 Kyodo

Daiwa Bank will set up a wholly owned trust banking subsidiary next Monday as part of its plan to spin off its trust business, banking sources said Thursday.

The Tokyo-based new entity will be capitalized at 2 billion yen and begin operations after Daiwa Bank...



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