Business Services Industry
Mitsubishi Tokyo Financial Group
Latin Trade, May, 2005
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.
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