Model for the 'New Economy'; Softbank Group allowed to negotiate on NCB. (Japan's financial regulators allow Softbank Corp.'s bid for Nippon Credit Bank Ltd.)

Article Abstract:

Officials of Japan's Financial Reconstruction Commission, have given the go-ahead to computer software wholesaler and periodicals publisher Softbank Corp., and partner Tokio Marine and Fire Insurance Company Ltd., to acquire Nippon Credit Bank Ltd. The approval may herald a new economic policy for Japan.

Alliances, partnerships, Computer Software Wholesale, Computer and Computer Peripheral Equipment and Software Wholesalers, Computer software industry, Software industry, Economic policy, Wholesale industry, Wholesale trade, Software distributors

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Softbank breathes 'new wind' into Nippon Credit Bank. (Softbank Corp., and partners to acquire Nippon Credit Bank)

Article Abstract:

Japan's software wholesaler, publisher and investments firm Softbank Corp., and its partners Tokio Marine and Fire Insurance Company and Orix Corp., have received Japanese government approval to acquire Nippon Credit Bank.

Financial Services, Finance and Insurance, Surety insurance, Financial services industry, Nippon Credit Bank, Orix Corp.

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Softbank-led group gets control of NCB

Article Abstract:

The government of Japan announced that it will transfer control of Nippon Credit Bank to a Softbank Corp.-led consortium. Over three trillion yen (31.11 billion euros) will be infused ino the bank in order to balance its finances.

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