The Resona banking group is thinking of pursuing capital tieups with brokerages or other companies to improve services for listed firms and other corporate borrowers, Resona Holdings Inc. President Hiroyuki Mizuta said in a recent interview.
"Since we don't have any investment banks or brokerages in our group, we have to consider teaming up with firms in such businesses," Mizuta said.
The idea suggests the profit-challenged banking group is planning to shift strategy to helping corporate borrowers raise funds in the market and make lending decisions based on applicants' future prospects rather than their collateral.