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Japanese banks Shinsei, Aozora announce plan to merge
Japanese lenders Shinsei and Aozora, which have been hit hard by the global financial crisis, announced Wednesday a planned merger that would create the nation's sixth biggest commercial bank.
Updated on: Jul 1, 2009, 13:22:58 IST
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Japanese lenders Shinsei and Aozora, which have been hit hard by the global financial crisis, announced Wednesday a planned merger that would create the nation's sixth biggest commercial bank.
The two companies said in a joint statement that they had agreed to a merger of equals that is expected to take effect by October 2010.
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