Asahi, Daiwa banks to announce integration deal Fri.TOKYO, Sept. 20 Kyodo Asahi Asahi (朝日 or 旭) means "morning sun" in Japanese. It is a name of several places in Japan:
The presidents of the two banks will hold a press conference in Osaka to announce the deal, the sources said. The holding company, which will involve Osaka-based regional lenders Kinki Osaka Bank and Nara Bank, would be the fifth-largest Japanese banking group with total assets of about 50 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen. It will realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. itself into several regional banks following the participation of Asahi Bank, the sources said. Daiwa Bank President Yasuhisa Katsuta will become president of the holding company, while Tatsuro Ito, president of Asahi Bank, and Tadashi Tanaka, its chairman, are expected to resign when a plan to integrate operations is worked out. |
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