( October 29, 2026, 08:38 GMT | Official Statement) -- MLex Summary: Japan's Shiga Bank and Senshu Ikeda Holdings, two regional banking groups in western Japan, said Thursday they had signed a memorandum of understanding to pursue a management consolidation by April 2028, creating a financial group with combined assets of 14.3 trillion yen ($91 billion). Under the proposed share exchange, Shiga Bank would become a wholly owned subsidiary of a renamed Senshu Ikeda Holdings, alongside Senshu Ikeda Bank. The consolidation is subject to shareholder approval and regulatory procedures under the Antimonopoly Act and other applicable laws.Statement is attached....
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