FILE PHOTO: A woman walks past a logo of the Shinsei Bank at its branch in Yokohama, south of Tokyo, June 23, 2010. REUTERS/Issei Kato/File Photo
TOKYO : Japanese online financial conglomerate SBI Holdings Inc has filed its application for a bank holding-company license to own more than 50 per cent of Shinsei Bank, an SBI spokesperson said on Friday.
The spokesperson declined to say when SBI submitted its application to the Financial Services Agency.
SBI raised its stake in the midsize Japanese lender last year to about 48 per cent from about 20 per cent previously as part of a $1 billion deal. It has said it plans to take a majority stake in Shinsei eventually, aiming to create a major banking group.
Shares of Shinsei jumped 7 per cent on the Tokyo market Friday following the news on the application.
Source: Reuters