Sanwa Group

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The Sanwa Group (Japanese: 三和グループ Hepburn: Sanwa gurūpu?) was a leading Japanese keiretsu, based in Osaka, between World War II and the Japanese asset price bubble in the early 1990s.

After the stock market and real estate crash in the 1990s, the group's core bank, Sanwa Bank (三和銀行) was laden with bad debts. In 2001, it merged with Tokai Bank and Toyo Trust and Banking Company[1] to form UFJ Holdings (UFJホールディングス), with the UFJ Group (UFJグループ) taking over from Sanwa Group. Later, UFJ Holdings merged with Bank of Tokyo-Mitsubishi to form Mitsubishi UFJ Financial Group.

References[edit]

  1. ^ "Toyo joins three-way bank deal". The New York Times. 6 July 2000. Retrieved 26 September 2013. 

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