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To: CYC who wrote (57399)	8/19/1999 9:09:00 PM
From: John Pitera	Respond to of 86076

CYC, I bought a bunch of KEP 2 days ago, I am not back in MBK but I sure saw the advance today. It was helped by the proposed bank merger in Japan. I never got totally out of NTT, and will be probably adding to it , MBK, SNE, and maybe a few others. Fuji Bank, Dai-Ichi Kangyo, IBJ Are Weighing a Broad Alliance By PETER LANDERS Staff Reporter of THE WALL STREET JOURNAL TOKYO -- Three of Japan's biggest banks said they are studying a broad alliance that, if completed, would produce the world's largest bank by far, with $1.2 trillion in assets. Fuji Bank Ltd., Dai-Ichi Kangyo Bank Ltd. and the Industrial Bank of Japan Ltd. all issued statements saying they are considering a three-way alliance. Officials at the banks said an announcement could come Friday. They wouldn't confirm a report in the Nihon Keizai Shimbun, Japan's main business newspaper, that the banks will unite under a holding company structure as early as late next year.