Japan's SBI Holdings, Towa Bank to form capital tie-up, pick small stakes in each other

Japan's SBI Holdings, Towa Bank to form capital tie-up, pick small stakes in each other

Photo: Nikkei Asian Review

Japanese financial firm SBI Holdings Inc and regional lender Towa Bank Ltd will conduct a capital tie-up and take small stakes in one another, the Nikkei newspaper reported on Thursday.

SBI will provide its technology and financial services to Towa Bank so that the lender can improve its customer service, the Nikkei said, without citing its sources.

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