Mitsubishi Bank

Mitsubishi Bank

 

one of the largest banking monopolies of Japan and the capitalist world; financial center of the powerful Mitsubishi monopoly group.

The bank was founded in 1919 as an extension of the special banking division of the Mitsubishi Company, with its main office in Tokyo. In order to conceal its ties with the zaibatsu (monopolies) after World War II, the Mitsubishi Bank changed its name to the Chiyoda Bank; in 1953 it again assumed its previous name. The bank helped restore the influence of the Mitsubishi group.

In early 1973 the Mitsubishi Bank controlled the powerful investment bank Mitsubishi Trust and Banking Corporation, which has 39 branches and a total balance of 2,392 billion yen. The Mitsubishi Bank controls large enterprises in such industries as metallurgy, machine building (with military applications), chemicals, petroleum refining, and fishing, as well as insurance and trading companies. As of Mar. 31, 1972, the bank had 181 branches in Japan, as well as branches and agencies in Seoul, Hong Kong, London, Paris, Dusseldorf, New York, and Los Angeles. The total balance of the Mitsubishi Bank was then 5,121 billion yen ($16.8 billion), and the balance of deposits was 3,699 billion yen ($12.2 billion).

M. LU. BORTNIK

Mentioned in ?
References in periodicals archive ?
Hirano has previously held numerous senior-level positions in Japan and abroad with the financial group since joining The Mitsubishi Bank, Limited, a predecessor to BTMU, in 1974.
Mr Su cites Natexis, a French bank, Bank of Tokyo Mitsubishi Bank in Japan and Fortis Bank in Belgium whom he believes raised approximately USD440 million on 12 June 2008, at the time of the Vantage Drilling IPO.
The government delegation was joined by over 80 attendants at the Mitsubishi Bank Office and had more than 10 bilateral meetings with private investors and conglomerates, all of who were keen to discuss investment opportunities in Peru.
Included in the latter group were the presidents of both Tokyo Mitsubishi Bank and Deutsche Bank.
Bank of China, United Overseas Bank and Mitsubishi Bank, to produce oil fuels and derivatives.
TOKYO - Kazuo Ibuki, former president of Mitsubishi Bank, one of the predecessors of the Bank of Tokyo Mitsubishi UFJ, died of acute pneumonia at his home in Tokyo last Wednesday, his family said Monday.
UQ Communications is also backed by KDDI, Japan's number two cellular carrier, JR East, the major railway operator in Eastern Japan, Kyocera, Daiwa Securities and Tokyo Mitsubishi Bank.
Since December 2001, it is common that Tokyo Mitsubishi Bank loans of this type have floating rates for the remainder of the term.
The Diamond Capital Company Limited (DCC) is one of the oldest leading venture capital firms in Japan, established in 1974 by the Mitsubishi Bank Limited (the present Bank of Tokyo-Mitsubishi Limited) together with other Mitsubishi group companies.
He hired an attorney on a contingent fee basis to sue the bank and its successor, Mitsubishi Bank, for willful interference with the employment contract, attempting to induce him to breach his fiduciary responsibility and firing him for refusing.
Palcan noted that Saywell, who is also currently a director of the Tokyo Mitsubishi Bank of Canada, vLinx, Inc.
She spent more than five years at Mitsubishi Bank, rising to chief economist, working on all the major economies and was subsequently employed by Lehman Brothers as their chief UK economist, concentrating on the UK economy and markets.

Full browser ?