Dai-Ichi Kangyo Bank
Mitsubishi and Dai-Ichi Bank, Japan's oldest bank, began preparations for a merger in 1969, which would have led to a major regrouping in the bank-led "keiretsu" system of the era. The plan met opposition among Dai-Ichi's management and its customers in the Furukawa and Kawasaki groups, who feared that Mitsubishi would dominate the combined bank and that their businesses would be absorbed by the relatively strong Mitsubishi group. As a result, the merger was called off. Two years later, Dai-Ichi merged with Nippon Kangyo Bank to form Dai-Ichi Kangyo Bank (now part of Mizuho Bank).