Financial Times FT.com

Sumitomo to merge with Chuo Mitsui

By Michiyo Nakamoto and Robin Harding in Tokyo

Published: November 7 2009 02:00 | Last updated: November 7 2009 02:00

Sumitomo Trust & Banking and Chuo Mitsui

agreed yesterday to a merger that would create Japan's largest trust bank, with total assets under management of Y58,000bn ($647bn).

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