Toyo joins Sanwa-Tokai Bank
The third Japanese banking group, who is due in April 2001 by the merger of Sanwa Bank and Tokai Bank, will cover the business of Toyo Trust & Banking, one of the largest banks specializing in the custody of property and management of capital. The grouping of activities in the new company Toyo to be formed was in the air, considering that Sanwa Bank, with 11% stake in Toyo, is its largest shareholder.