45:
33:
139:, had a major impact on Sumitomo's finances, driving it down from the most profitable bank in Japan to being only ninth-ranked. However, the Ataka and Mazda bailouts enhanced Sumitomo's industry reputation by showing its dedication to customers. It became the largest Japanese bank by deposits until the merger of Dai-Ichi Bank and Nippon Kangyo Bank to form
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in the 1990s. In 1993, it wrote off 100 billion yen in bad loans, and in 1994 its Nagoya branch manager was murdered in possible connection with a bad debt collection. In 1995, it posted the first net loss of a major
Japanese bank in the postwar era. It sold Sumitomo Bank of California, the
177:. The merger was approved in June 2000 and combined Sakura's strong retail operation and eastern Japan presence with Sumitomo's strong wholesale operation and western Japan presence. The merger created the world's third-largest banking group at the time, after
98:
Sumitomo Bank was established as a private enterprise in
November 1895 and reorganized as a limited company with 15 million yen of capital in March 1912. It opened numerous overseas branches during the World War I era as the Sumitomo
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In 1986, Sumitomo merged with Heiwa Sogo Bank in order to expand its presence in the Tokyo area. In the same year, it acquired 12.5% of
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In 1999, amid intensifying competition as other
Japanese and foreign banks consolidated, Sumitomo announced its merger with
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336:
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was dismantled and its constituent companies were forbidden from using the
Sumitomo name. The bank renamed itself
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120:. Sumitomo was the main bank for several major Japanese manufacturers during the early postwar era, including
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In the 1970s, it lost nearly $ 1 billion in the restructuring of Osaka-based general trading company
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in
October 1948. In December 1952, its name was changed back to
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337:"STRATEGIC INTENT AND SUMITOMO MITSUI BANKING CORPORATION"
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Sumitomo incurred major losses during the collapse of the
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sixth-largest bank in
California, at a steep discount to
316:"Sumitomo to Sell California Subsidiary to Utah Company"
48:
Former Tokyo branch of
Sumitomo Bank, now an SMBC office
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Companies formerly listed on the London Stock
Exchange
135:, which, combined with the contemporaneous bailout of
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Companies formerly listed on the Tokyo Stock
Exchange
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290:"A positive management style takes root in Japan"
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57:
399:
8:
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362:"Japan Banks to Merge, With Wider Effects"
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27:Japanese bank active between 1895 and 2001
210:, member of the House of Representatives
204:, member of the House of Representatives
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31:
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181:and the pending merger that would form
649:Japanese companies established in 1895
450:Mitsui Engineering & Shipbuilding
342:. Sumitomo Mitsui Banking Corporation
267:"Sumitomo Mitsui Banking Corporation"
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259:
257:
255:
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234:. Sumitomo Mitsui Banking Corporation
36:Former Sumitomo Bank headquarters in
7:
510:Sumitomo Mitsui Banking Corporation
175:Sumitomo Mitsui Banking Corporation
88:Sumitomo Mitsui Banking Corporation
475:Cholamandalam MS General Insurance
25:
288:Oka, Takashi (24 December 1982).
566:
515:Daiwa Securities Capital Markets
644:Sumitomo Mitsui Financial Group
465:Mitsui Sumitomo Insurance Group
314:Vrana, Debora (26 March 1998).
78:and a central component of the
65:Kabushiki-gaisha Sumitomo Ginkō
547:Sumitomo Mitsui Trust Holdings
1:
639:2001 mergers and acquisitions
634:Banks disestablished in 2001
542:Sumitomo Mitsui Construction
162:in 1998 (SBC is now part of
155:Japanese asset price bubble
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40:, Osaka, now an SMBC office
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86:on April 1, 2001, to form
53:The Sumitomo Bank, Limited
629:Banks established in 1895
588:Mitsui Golden Glove Award
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294:Christian Science Monitor
164:California Bank and Trust
58:
269:. Reference for Business
108:After World War II, the
614:Defunct banks of Japan
498:Anchor Brewing Company
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41:
530:SMBC Nikko Securities
525:SMBC Aviation Capital
105:business globalized.
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35:
557:West Midlands Trains
487:Penske Truck Leasing
160:Zions Bancorporation
141:Dai-Ichi Kangyo Bank
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42:
601:
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503:Sleeman Breweries
493:Sapporo Breweries
482:Oji Paper Company
435:Japan Steel Works
368:. 15 October 1999
82:. It merged with
16:(Redirected from
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593:Mitsui Takatoshi
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460:Mitsui OSK Lines
445:Mitsui Chemicals
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208:Ichiro Miyashita
192:was "SMITJPJT."
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440:Mitsui & Co
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133:Ataka & Co.
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455:Mitsui Fudosan
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429:Greater Anglia
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366:New York Times
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196:Notable alumni
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128:(Matsushita).
110:Sumitomo group
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80:Sumitomo Group
74:bank based in
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583:Mitsui family
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535:Sumitomo Bank
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179:Deutsche Bank
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148:Goldman Sachs
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118:Sumitomo Bank
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18:Sumitomo Bank
552:TBS Holdings
422:Subsidiaries
370:. Retrieved
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344:. Retrieved
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319:. Retrieved
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297:. Retrieved
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283:
271:. Retrieved
236:. Retrieved
202:Daizo Kusuda
187:
168:
152:
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70:was a major
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29:
520:Sakura Bank
188:Sumitomo's
183:Mizuho Bank
171:Sakura Bank
84:Sakura Bank
38:Nakanoshima
608:Categories
215:References
190:SWIFT code
114:Osaka Bank
232:"History"
126:Panasonic
173:to form
102:zaibatsu
72:Japanese
59:株式会社住友銀行
576:Related
372:7 April
346:7 April
321:7 April
299:7 April
273:7 April
238:7 April
94:History
415:Mitsui
559:(15%)
489:(30%)
470:Amlin
431:(40%)
340:(PDF)
137:Mazda
76:Osaka
374:2015
348:2015
323:2015
301:2015
275:2015
240:2015
124:and
166:).
122:NEC
610::
364:.
292:.
248:^
223:^
185:.
150:.
143:.
90:.
62:,
407:e
400:t
393:v
376:.
350:.
325:.
303:.
277:.
242:.
68:)
56:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
