February 01, 2010

Shinsei, Aozora Bank Mulling Delaying Planned Merger-Report

Shinsei Bank Ltd. and Aozora Bank are considering their merger - currently planned for October - after hitting a snag over which bank system to adopt, according to the weekendMainichi Shinbun. The paper said the Financial Service Agency is inspecting the banks financial affairs, and based on the results of the inspection, the two banks plan to make a final decision by the end of March.

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