Senshu Ikeda and Shiga to Merge in Latest Japan Consolidation

Two local Japanese lenders, Senshu Ikeda and Shiga Bank, are reportedly on the verge of merging to form the largest regional banking group in the Kansai region, with combined assets totaling ¥14.6 trillion ($93.1 billion). Both banks have confirmed ongoing discussions, with an official announcement anticipated as early as next week.