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Finance

2 lenders eye tie-up with Bank of Yokohama asset manager

TOKYO -- A pair of Japanese regional banks are in late-stage talks to invest in a Bank of Yokohama asset management subsidiary to receive a portion of its fund fees.

Bank of Kyoto and Gunma Bank are negotiating tie-ups with Sky Ocean Asset Management, which manages more than 23 billion yen ($215 million) in assets.

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