SBI Holdings gets regulatory nod for majority stake in Shinsei Bank

SBI Holdings gets regulatory nod for majority stake in Shinsei Bank

The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo October 22, 2010. REUTERS/Yuriko Nakao

Japanese online financial conglomerate SBI Holdings Inc said on Tuesday that a unit had received regulatory approval for a bank holding company licence, allowing it to take a majority stake in Shinsei Bank Ltd.

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