Japanese Banks Restructure Ahead Of Big Bang Reforms
BANKS
LONDON--Japanese banking reform is starting to show its effects in the London market as Tokyo-based institutions enter a phase of restructuring, say market sources in the Square Mile. While some, such as the Bank of Tokyo-Mitsubishi, are seeking to expand their London-based foreign exchange operations, others such as Sakura Bank, are scaling back.
Norio Kuroiwa, European treasurer for Tokyo-Mitsubishi (the largest of the Japanese foreign exchange players and currently ranked as the sixth largest
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