Japan’s Shinsei and Aozora Banks agree to merge

TOKYO — Japan’s Shinsei Bank Ltd. and Aozora Bank Ltd. — two money-losing midsize lenders with major U.S. stakeholders — have agreed to merge, the companies said Wednesday.

Report: Japan’s Shinsei and Aozora Banks to begin merger steps next summer

TOKYO — Japan’s Shinsei Bank Ltd. and Aozora Bank Ltd. — two money-losing midsize lenders with major U.S. stakeholders — have agreed to merge and will begin the process by next summer, the Nikkei financial daily reported Monday.