Word: sumitomo
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Kangyo is just one of a group of Japanese banks that have become the new behemoths of finance. In fact, the American Banker ranking showed that four of the top five banking companies are now Japanese firms. The others: Fuji Bank ($143 billion at the end of last year), Sumitomo Bank ($136 billion) and Mitsubishi Bank ($133 billion). All told, Japan had five of the top ten banking concerns and 13 of the largest 25. In 1980 none of the Japanese banks were in the top five, and only Dai-Ichi Kangyo ranked among the first...
...host to 38 Japanese banks, concentrated in New York and California. The California Street area of San Francisco, where Sumitomo, Mitsubishi, Mitsui Manufacturers and Bank of Tokyo Trust have offices, seems to be almost an extension of the Tokyo financial district. Moreover, the invaders are swallowing their competitors. San Francisco's Golden State Sanwa Bank will soon buy the California subsidiary of Britain's Lloyd's Bank for $263 million. When that happens, the Japanese will control four of the ten biggest banks in California...
...that is not really a yes, the small nuance of conversation that can never be written down. Comprehension comes because these leaders usually have the same roots of culture and class. Often, they have gone to the same elite schools and universities. Says Norishige Hasegawa, chairman of Sumitomo Chemical Co., as he points to his school necktie: "The old-school-tie system is not unique to Japan, but we do not have as many different schools as Western countries...