Deals
Bank of Yokohama to Merge With Higashi-Nippon in 2016
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Bank of Yokohama Ltd. agreed to merge with Higashi-Nippon Bank Ltd., the second such move by Japanese regional lenders this week in an industry battling a shrinking population and declining interest rates.
The banks plan to combine in April 2016, they said in a statement to the Tokyo Stock Exchange today. The companies haven’t decided the merger ratio.