Financial Services Agency OKs Sumitomo-Sakura merger

TOKYO, Japan - Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada meet the press at the Financial Services Agency in Tokyo Dec. 26 after the agency approved a merger of the two lenders. The major Japanese commercial banks plan to combine as the Sumitomo Mitsui Banking Corp. in April.

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