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SAKURA BANK PRESIDENT OKADA AND SUMITOMO BANK PRESIDENT NISHIKAWA AT PRESSER IN TOKYO, 1999-10-14 (photo)

IMAGE number
REU8349059
Image title
SAKURA BANK PRESIDENT OKADA AND SUMITOMO BANK PRESIDENT NISHIKAWA AT PRESSER IN TOKYO, 1999-10-14 (photo)
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Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-10-14
Image description

Sakura Bank President Akishige Okada (L) and Sumitomo Bank President Yoshifumi Nishikawa shakes hands during a news conference in Tokyo October 14 as they announce their aim to merge by April 2002, creating the world's second biggest banking group in terms of assets. The move comes as Japan's banking sector, squeezed under mountains of bad loans and years of losses during the nation's worst post-war economic slump, undergoes a dramatic restructuring to survive in a new era of intensified competition. ST/DL

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REUTERS / Bridgeman Images
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