Sony to Establish Net Bank With Sakura, JP Morgan

TOKYO (03/30/2000) - The board of directors of Sony Corp. today approved plans to establish an Internet bank, Sony President Nobuyuki Idei announced at a Tokyo press conference this afternoon.

The Sony Net Bank will be 80 percent held by Sony Corp. with Sakura Bank Co.

Ltd. holding a 16 percent stake and J.P. Morgan & Co. Inc. holding the remaining 4 percent stake.

More to follow.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about JP MorganSony

Show Comments