Japanese mega-banking groups are stepping up efforts to launch one-stop financial shops that provide financial services across the board, ranging from banking services to sales of stocks, bonds, mutual funds and insurance policies.
The new trend is in keeping with the planned lifting Dec. 1 of a ban on brokering services provided by banks, banking sources said.
Bankers with agent licenses will be able to take orders for stocks and bonds from their customers and bring these orders to their brokerage units or affiliates.
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