SG Private Banking buys Chase Trust Bank (Japan)

The French private bank acquires some serious assets in Japan.

SG Private Bank - the private banking arm of the Societe General group - has made a large statement of intent with the acquisition of Chase Trust Bank Japan. The bank will create a new entity called SG Private Banking Japan that will be created by a transfer of shares on June 17. The Japanese regulators approved the deal on June 4.

As part of the deal, some Y300 billion $2.4 billion of asset will be transferred to SG...

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