The Sumitomo Trust and Banking Company, LimitedOsaka, Japan

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  • Kyodo economic news summary -5-+ [Japan Economic Newswire]
    (10 Oct 2008 05:58:00 EDT)
    TOKYO, Oct. 10_ _ ---------- Citigroup ends talks with Wells Fargo over Wachovia takeover. NEW YORK - Major U.S. bank Citigroup Inc. said Thursday it has terminated negotiations with smaller rival Wells Fargo & Co. in their battle to acquire ailing U.S. bank Wachovia Corp., a move that confirms that Citigroup has given up on the Wachovia takeover.
  • Collapse echoes through Japan: Aozora leads banks on loan exposure but government officials say sector can take the hit [Japan Times]
    (17 Sep 2008 04:00:00 EDT)
    Sep. 17--Monday's bankruptcy of Lehman Brothers Holdings Inc., the fourth-biggest financial institution in the United States, sent shock waves through the global financial industry, and Japan was no exception. "Each bank seems to have a certain amount of exposure to Lehman Brothers, and that is a negative element," said Shinichi Ina, a banking analyst at Credit Suisse in Tokyo.