Yahoo Japan to start online banking

[FG Lurker]

Yahoo Japan to start online banking
Asia Times Online, January 22, 2005

Yahoo Japan Corp announced that it will enter the online banking business by effectively acquiring a majority interest in Aozora Trust Bank, a wholly owned subsidiary of Aozora Bank.

[...]

Yahoo Japan intends to launch a financial service business as early as the first half of 2006, offering new settlement services for its online auction, shopping and other operations. The company, which runs Japan's largest Web portal, boasting about 37 million users a month, formed Y's Insurance Inc with Aon Risk Service Japan Ltd and started selling auto and cancer insurance policies last October.

(Full Story)

[Big Booger]

funny they can do online banking, but try to pay your YAHOO BB bill online and it is a joke.. LOL

[Mulboyne]

Reuters: Yahoo Japan to take 40% stake in SMFG online bank

Yahoo Japan Corp will spend 25.8 billion yen for a 40 percent stake in Japan Net Bank, an online unit of Sumitomo Mitsui Financial Group in September, the companies said on Thursday. Their agreement to form an Internet banking partnership was first unveiled in March as a rough scheme. Under the finalised deal, Yahoo will invest directly in Japan Net Bank, instead of in a new holding company for the online banking unit as earlier planned. SMFG's core commercial banking unit will also spend 8.7 billion yen to buy additional new shares in Japan Net Bank. After the transaction, scheduled for Sept. 29, Yahoo and SMFG's banking unit will each own 40 percent...Japan Net Bank competes with larger Internet-based lenders such as Sony Bank and Seven Bank, a unit of 7-Eleven convenience store operator Seven & I Holdings Co.