Japan’s Rakuten Group plans to merge its fintech divisions by October 2024.

It is about consolidation of banking, credit card services, brokerage services and insurance. Reorganization talks have already started with subsidiary Rakuten Bank

After the fintech divisions merge, the securities of Rakuten Bank will continue to be traded on the Tokyo Stock Exchange. At the same time, the company may refuse to list the brokerage division of Rakuten Securities Holdings.

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