Japan's Bank of Yokohama, Chiba Bank to enter comprehensive tie-up -Nikkei
09/07/2019 10:20
TOKYO, July 9 (Reuters) - Japan's Bank of Yokohama and Chiba
Bank Ltd 8331.T will enter into a comprehensive tie-up to
cooperate in a range of businesses, the Nikkei newspaper said on
Tuesday, a deal that would bring two of Japan's top regional
lenders close together.
The two banks are due to hold a briefing on the tie-up on
Wednesday, the newspaper said. The banks could cooperate on
everything from mergers and acquisitions and development of new
products, working together to share customers, it said.
Bank of Yokohama, which is part of Concordia Financial Group
7186.T , is Japan's largest regional lender. Chiba Bank is the
country's third-largest regional lender, the Nikkei said.
(Writing by David Dolan
Editing by William Mallard)
((david.dolan@tr.com; +81 3 6441 1526; Reuters Messaging:
david.dolan.thomsonreuters.com@reuters.net))