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(Update 3) Fukushima Bank to Accept Investment from SBI

(Update 3) Fukushima Bank to Accept Investment from SBI

   Fukushima, Nov. 11 (Jiji Press)--Fukushima Bank <8562> said Monday that it will accept a capital injection from major Japanese online financial services firm SBI Holdings Inc. <8473> as the lender struggles with weak profitability.
   The move means that the regional bank, based in the city of Fukushima, northeastern Japan, will join SBI's initiative to create the country's "fourth megabank," or a union of regional banks, through investments.

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AFP-JIJI PRESS NEWS JOURNAL


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