Relevant:
- Subprime losses clip profits at Sumitomo Trust
- Sumitomo Mitsui To Invest $926 Million In Barclays
- GMAC Files Application With Federal Reserve to Become Bank Holding Company
- Trichet Puts Spotlight on the Euro, Dollar
- The "Tokyo Whale" Is Quietly Buying Up Huge Stakes in Japan Inc (AND REGULATORS WILL NEVER SHUT IT DOWN!)
2011-03-16 — federalreserve.gov
``The Federal Reserve Board on Tuesday announced its approval of the application and notice by Chuo Mitsui Trust Holdings, Inc., Tokyo, to become a bank holding company by acquiring The Sumitomo Trust & Banking Co., Ltd. ("STB"), Osaka, both of Japan, thereby acquiring indirectly STB's wholly owned subsidiary bank Sumitomo Trust and Banking Co. (USA), Hoboken, New Jersey, and thereafter engage in certain nonbanking activities. ''
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