Corporate, Securities & Antitrust News
7/1/2009 10:47:43 AM EST
Japan's Shinsei and Aozora Banks agree to merge
TOKYO – (AP) Japan's Shinsei Bank Ltd. and Aozora Bank Ltd. two money-losing midsize lenders with major U.S. stakeholders have agreed to merge, the companies said Wednesday.
The combined entity will be Japan's sixth-largest bank with assets of about 18 trillion yen ($186 billion), they said in a joint statement.
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