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Japanese regional financial giant tosses ex-government officials

'Coup d'etat' at Concordia gives group more freedom in tough economic climate

Concordia Financial Group underwent a fierce internal struggle to oust two former members of the Ministry of Finance from its board.

TOKYO -- Management at Concordia Financial Group, Japan's biggest regional banking conglomerate, will no longer be controlled by retirees from the Ministry of Finance -- for the first time in nearly seven decades for subsidiary Bank of Yokohama.

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