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. Last Updated: 07/27/2016

Nippon Bank Pressured




TOKYO -- Nippon Credit Bank, which analysts say is one of Japan's most troubled banks, is under pressure from authorities to merge with Chuo Trust & Banking, financial sources said Tuesday.


NCB denied media reports of the merger talks, but said it had a close relationship with Chuo Trust, which acts as an agent for Nippon's securities business.


Chuo Trust made similar remarks after the Yomiuri Shimbun newspaper reported that the two were aiming to merge in October to weather Japan's "big bang" financial reforms.