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Nation's newest trust bank opens with record Y120 trillion asset base

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Sumitomo Mitsui Trust Bank Ltd. opened for business Sunday as the nation's largest trust bank after three other lenders- Sumitomo Trust & Banking Co., Chuo Mitsui Trust and Banking Co. and Chuo Mitsui Asset Trust and Banking Co., agreed to be taken under the wing of Sumitomo Mitsui Trust Holdings Inc. (Japan Times)

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