Relevant:
- Japan's biggest banks face gangster investigation
- Sumitomo Mitsui To Invest $926 Million In Barclays
- Mitsubishi UFJ Stung By U.S. Subprime Exposure
- Japan's Nikkei buys Financial Times in $1.3 bln deal (JAPAN'S "PETER PAN" CONFIDENCE CON GETS A PRESS PLATFORM?)
- Mizuho Cuts Full-Year Forecast on Subprime Losses
2008-10-27 — forbes.com
"To cement business alliances, Japan's three biggest commercial banks-- Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group--have typically bought shares in their borrowers. Yet, as the value those investments plummet amid the global stock market rout, such cross-shareholdings are tugging at the financial foundations of Japan's mega-lenders."
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