Yasuda Trust & Banking (YT&B) was a Japanese financial institution, based in Tokyo. It was founded in 1925 within the Yasuda zaibatsu, and as such worked in concert with Yasuda Bank. Following World War II, simultaneously as Yasuda Bank was renamed Fuji Bank, and Yasuda Trust became Chuo Trust & Banking, but reverted to the Yasuda name in 1952. In 1999, it went bankrupt in one of the more disorderly episodes of the Japanese financial crisis.
History
Yasuda Trust & Banking was one of Japan's so-called trust banks, which engaged in trust management and industrial financing. It was established the passage of new Japanese trust banking legislation in 1923. It was initially named Kyosai (”mutual aid”) Trust Company, and in 1926 renamed as Yasuda Trust as Yasuda had expanded its interest in the venture.[1]
During the American occupation of Japan, the zaibatsu conglomerates were forcibly broken up, and Yasuda Trust was reincorporated as Chuo Trust & Banking, from the name of the central district of Tokyo where is head office was located. It called itself again as Yasuda following the enactment of a new Loan Trust Law in 1952. This law enabled Yasuda to serve the market for long-term beneficiary certificates of variable denominations. In this way, customers, mostly private individuals, provided the bank with additional capital for long-term industrial financing. Yasuda Trust & Banking's corporate clients included