BTMU debuts as world's top bank | 日本のニュースを英語で読むならジャパンタイムズウィークリー


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BTMU debuts as world's top bank

Executives of the Bank of Tokyo-Mitsubishi UFJ cut the tape during a ceremony marking the start of merged operations at the bank's head office in Tokyo on Jan. 4.

Bank of Tokyo-Mitsubishi UFJ, the world's largest bank, formed through the merger of two major financial groups, opened for business Jan. 4 with a ribbon-cutting ceremony at the company's Tokyo headquarters.

The merger of Mitsubishi Tokyo Financial Group Inc. and UFJ Holdings Inc. was complet- ed Jan. 1, creating the world's largest financial group, with assets of about ¥190 trillion, based on the latest company figures.

The financial giants merged Oct. 1 to become Mitsubishi UFJ Financial Group Inc., but the union of the group's core banks had been pushed back as engineers rushed to integrate computer systems and ATMs.

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