Tokyo Mitsubishi Bank: Big, Yes. Bad, NoBy
One is the financial cornerstone for the sprawling Mitsubishi keiretsu. The other boasts a lucrative foreign exchange business and clout aplenty with Japan's powerful Finance Ministry. Together, they will become the world's largest bank by a long shot. But will the megamerger of Mitsubishi Bank Ltd. and Bank of Tokyo Ltd., which was announced in Tokyo on Mar. 28, trigger defensive tieups among suddenly frantic bankers from Manhattan to Frankfurt?
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