Tokyo Trust & Banking To Join Sanwa/Tokai Merger Deal
NEWS
TOKYO--Sanwa Bank, Tokai Bank and Toyo Trust & Banking are to integrate their operations by April 2002, it was announced last week, following the addition of Toyo to the existing Sanwa/Tokai merger deal.
In terms of foreign exchange, however, the focus remains firmly on Sanwa and Tokai.
Toyo’s small presence in FX--the bank has only a very small currency trading operation based in Tokyo--means it will have little impact on the integration of FX teams.
Sanwa’s larger FX business makes it likely to
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