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Japanese banks Daishi, Hokuetsu likely to miss target date for merger deal as JFTC probe continues

By Sachiko Sakamaki ( October 25, 2017, 07:06 GMT | Insight) -- Northwestern Japanese lenders Daishi Bank and Hokuetsu Bank have not yet submitted all the information required on their planned merger to Japan's competition regulator, which is still conducting an in-depth review of the deal, a top official said today. The delay means that the banks are likely to miss their target date to ink an agreement on the transaction this month.Northwestern Japanese lenders Daishi Bank and Hokuetsu Bank have not yet submitted all the information required on their planned merger to Japan's competition regulator, which is still conducting an in-depth review of the deal, a top official said today. The delay means that the banks are likely to miss their target date to ink an agreement on the transaction this month....

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