UFJ Sells Trust Bank To Sumitomo

UFJ Holdings one of the Big Four in Japan created by the merger of Sanwa Bank and Tokai Bank and Toyo Trust is selling its trust banking businesses to Sumitomo Trust and Banking. It also plans to reorganize its management

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UFJ Holdings – one of the Big Four in Japan created by the merger of Sanwa Bank and Tokai Bank and Toyo Trust – is selling its trust banking businesses to Sumitomo Trust and Banking. It also plans to reorganize its management structure.

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