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The banks announced last month that they planned to combine under a single holding company by next year.
Executives are aiming to combine their operations by March 2005 under a single holding company, according to a UFJ official who spoke on the condition of anonymity.
Executives are aiming to combine their operations by March under a single holding company, according to a UFJ executive who spoke on the condition of anonymity.
This was called by unions protesting against new railway legislation that will allow SNCF to be reorganised under a single holding company.
Hanvit, Peace Bank of Korea, Kwangju Bank and Cheju Bank, which among them had $9.8 billion in bad loans at the end of June, will be combined under a single holding company.
UBS said the five small banks, with combined assets of 70 billion Swiss francs ($51 billion) and headquarters scattered across the country, would now be placed under a single holding company along with Global Asset Management, the institutional money management business that UBS operates outside of Switzerland.
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Two operating subsidiaries were created to help improve the situation, under the control of a single holding company, initially called the London Country Travel Group and later renamed to South of England Travel Group.
Bank officials confirmed they were considering an arrangement under which the two banks would form a single holding company and then organize individual businesses like retail banking and asset management into separate corporations.
Those that resist—India, say risk losing a share of global capital.One potential model is offered by Euronext, a pan-European exchange operator that runs five exchanges subject to separate national laws under a single Dutch holding company, allowing it to side-step many regulatory wrangles.
Each will come under the umbrella of a single financial holding company, which will also own investment banks and life-insurance companies.
Under a new marketing chief, it opened its work to multiple firms after five years of having a single advertising holding company in charge of its marketing communications.
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