Mitsubishi Tokyo Financial Group

MITSUBISHI TOKYO FINANCIAL GROUP, a Japanese financial organization, and UFJ Holdings, another Japanese bank, merged to create one of the largest financial institutions in the world. The new organization, which will manage US$634 billion in loans, will cut 6,000 jobs. It estimates that by 2008 operating income will grow between 35% and 45% over its performance in fiscal year 2004.

COPYRIGHT 2005 Freedom Magazines, Inc.
COPYRIGHT 2005 Gale Group