Internet
ò According to its president, Sony Bank has plans to double its assets in custody to 2 trillion yen $17 billion in four to five years. Industry observers see intense competition among Japanese Internet-only banks, with the entry in September of SBI Sumishin Net Bank, a fifty-fifty joint venture between Sumitomo Trust Banking Co. and SBI Holdings Inc. Sony also announced the launch of Sony Bank Securities Inc., tasked with making available to Sony Bank customers asset management services, such as cash stock transactions, which cannot be undertaken by a bank. Sony Bank said it is looking to offering services that would allow clients to manage simultaneously assets held in accounts at...
¬ Haymarket Media Limited. All rights reserved.
