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The Sakura Bank (さくら銀行, Sakura Ginkō) was a Japanese bank with dual headquarters in Tokyo and Kobe. It was formed in April 1990 as the Mitsui Taiyo Kobe Bank (MTKB) by the merger of Mitsui Bank (founded 1876) and Taiyo Kobe Bank (founded 1973). The Sakura Bank name was adopted in April 1992. Sakura Bank in turn merged with the ...
SMBC originates from the 2001 merger of Sumitomo Bank with the Sakura Bank, itself a successor to the Mitsui Bank, and the group holding entity was created in December 2002 after which SMBC became its wholly-owned subsidiary. SMBC Group operates in retail, corporate, and investment banking segment worldwide.
SMBC has been an early adopter of AI in its banking operation. It is the first Japanese bank to use IBM Watson since 2014 to support operators at its call center. [8] AmiVoice, a voice recognition solution provided by SMBC, transforms inquiries into text on a real-time basis as a speech recognition system, while IBM Watson gives customers responses taken from service manuals and Q&As, thereby ...
In 1948, Dai-Ichi Bank was spun off again from Teikoku, which changed its name back to Mitsui Bank in 1954. [2] In 1990, Mitsui Bank merged with Taiyo Kobe Bank to form Mitsui Taiyo Kobe Bank (MTKB), which was renamed Sakura Bank in April 1992 and was a predecessor entity of Sumitomo Mitsui Banking Corporation (SMBC).
On July 1, 1876, Mitsui Bank, Japan's first private bank, was founded with Takashi Masuda (1848–1938) as its president. Mitsui Bank, which following a merger with Taiyō-Kobe Bank in the mid-1980s became part of Sakura Bank, survives as part of the Sumitomo Mitsui Banking Corporation.
Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s last negative rates regime on early signs of robust wage gains this year.. The BOJ ...
The merger was approved in June 2000 and combined Sakura's strong retail operation and eastern Japan presence with Sumitomo's strong wholesale operation and western Japan presence. [7] The merger created the world's third-largest banking group at the time, after Deutsche Bank and the pending merger that would form Mizuho Bank .
Mitsubishi Tokyo Financial Group (2001) / The Bank of Tokyo-Mitsubishi (1996) The Bank of Tokyo; Mitsubishi Bank; UFJ Holdings / UFJ Bank (2002) Sanwa Bank (1933) Sanjūyon Bank; Yamaguchi Bank; Kōnoike Bank; Tōkai Bank (1941) Aichi Bank; Nagoya Bank; Itō Bank; Sumitomo Mitsui Banking Corporation (2002) The Sumitomo Bank; Sakura Bank (1990 ...