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Japan's antitrust watchdog greenlights merger of Nagasaki banks

Fukuoka Financial Group and Eighteenth Bank have been waiting 30 months

The Fukuoka Financial Group, parent of Shinwa Bank, and Eighteenth Bank had to ask their customers to move to other lenders in order to get their planned merger approved.   © Kyodo

TOKYO -- Japan's Fair Trade Commission on Thursday decided to approve a merger plan between the Fukuoka Financial Group, the parent of Shinwa Bank, and Eighteenth Bank, operating in the Kyushu region.

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