TOKYO -- Japanese regional lender Chiba Bank is finalizing plans to acquire a nearly 20% stake in peer Chiba Kogyo Bank for an estimated 20 billion yen ($133 million), Nikkei has learned, looking to bolster its foundation as interest rates rise.
Finance
Major Japan regional bank seeks stake in peer as interest rates rise
Chiba Bank would become Chiba Kogyo's top shareholder with eye on merger
Japan's banks are rushing to bolster their foundations with the country's interest rates finally rising. (Photo by Yutaka Miyaguchi)
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