Mitsubishi Bank

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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).


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
Mentioned in ?
References in periodicals archive ?
Bank, Mitsubishi Bank, Aspen Insurance and Carnival Cruise.
Innervate's main clients in the region include the Saudi British Bank, Mitsubishi Bank, Aspen Insurance and Carnival Cruise.
Senoo spent a decade at Tokyo Mitsubishi Bank before co-founding Japan's first and largest social lending enterprise with Char in 2006 and also co-founded Orb, a blockchain startup in 2014.
These include significant consignments from Mitsubishi Bank and Wealth Mind, plus a number of smaller consignors, said Euro Auctions.
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 foreign members of the syndicate include Hong Kong Shanghai Bank Corp., Bank of China, United Overseas Bank and Mitsubishi Bank, to produce oil fuels and derivatives.
Abraham has earlier held senior management positions at Tokai Bank of California, Bank of California/Union Bank, City National Bank (NYSE: CYN), Mitsubishi Bank of California and Bank of America (NYSE: BAC).
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. <p>UQ enters the Japanese market at a time of increased competition in the data transmission market.<p>While Japanese cellular carriers were ahead of the world in offering mobile Internet service to cell phone users, they lagged in providing similar services to PC users.
The loan, which was signed with Tokyo Mitsubishi Bank, was approved within one month, instead of the standard three months for foreigners, at a fixed rate of 1 percent for the first three years, signing separate loans for the land and house.
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.

Full browser ?