Thursday, August 12, 2004

The World's Biggest Bank formed

Article on Forbes: Forbes.com: Update 6: Mitsubishi Tokyo, UFJ Agree to Merger Deal

With the Tokyo High Court removing barriers in the merger of Mitsubishi Tokyo Financial Group Inc. and UFJ Holdings Inc., the stage has been set for the merger of the World's biggest bank - the Bank would be called Mitsubishi UFJ Holdings. With combined assets of 190 trillion yet ($1.7 trillion), it would surpass Citigroup ($1.19 trillion) in assets.
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