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Daiwa Bank establishes trust banking unit.

Publication: Japan Weekly Monitor
Publication Date: 17-DEC-01
Format: Online - approximately 160 words
Delivery: Immediate Online Access

Article Excerpt
OSAKA, Dec. 10 Kyodo

Daiwa Bank established a wholly owned trust banking subsidiary Monday as part of a plan to spin off its trust business, the bank said.

Capitalized at 2 billion yen, the Tokyo-based new entity will begin operations March 1 after Daiwa Bank transfers its pension and...

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