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Headline: Japan Source: Euromoney Date: July 2001 Best bank: not awarded Best equity house: Nikko Salomon Smith Barney Best debt house: Mizuho Best M&A house: Goldman Sachs With a banking sector in as dire a state as Japan’s, no bank deserves the best bank award. Banks that are strong in one area are fundamentally flawed in others. And big doesn’t equate to best. Mitsubishi Tokyo Financial Group appears to be dealing with its bad assets but it posted an impressive loss of over ¥120 billion ($968 million). |
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