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Bank of Yokohama in Yokohama, Kanagawa - the largest regional bank in Japan, core arm of Concordia Financial Group. Hachijuni Bank in Nagano, Nagano; Kagoshima Bank in Kagoshima, Kagoshima - Recently merged with Higo Bank (肥後銀行), Kumamoto, Kumamoto, as Kyushu Financial Group.
Industrial and Commercial Bank of China, the world’s largest bank by total assets. This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. [1]
In 1990, the five largest banks in the world, measured by total assets, were Japanese banks. These banks opened branches abroad, acquired existing foreign banks, and became engaged in new activities, such as underwriting Euro-yen bond issues.
Upon its founding, Mizuho was the largest bank in the world by assets. [4] Following further consolidation, it has become the third-largest of Japan's so-called megabanks with total assets of $1.9 trillion at end-March 2023, behind Mitsubishi UFJ Financial Group ($2.9 trillion) and SMBC Group ($2.0 trillion). [5]
Mitsubishi Bank and the Bank of Tokyo merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. [10] The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking.
Mizuho Financial Group (MFG), Japan's third-largest bank, will take a $500 million stake in asset manager BlackRock Inc. (BLK) Mizuho will buy a total of 3.07 million shares of BlackRock for $163 ...
Japan's top banks are set to commit to 1.9 trillion yen ($12.7 billion) financing to support the merger of Kioxia Holdings and Western Digital's flash memory business, four people familiar with ...
The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018. [2] MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third ...