Business / Financial Markets Feb 10, 2020
Japanese asset manager awaits flood of money from regional banks
by Taiga Uranaka and Yuki Hagiwara
Japanese financial conglomerate SBI Holdings Inc. anticipates a flood of money from yield-starved regional banks that need help reinvesting cash after redeeming government bonds. A year-old SBI unit that invests on behalf of local banks should see assets at least doubling to ¥300 billion ($2.7 ...