TOKYO (Reuters) - Japan's Mizuho Financial Group Inc (T:8411) is in talks to buy Royal Bank of Scotland Group (LONDON:RBS) PLC's (LONDON:RBS) North American loan assets, a source with knowledge of the deal told Reuters on Thursday.
The acquisition, likely worth several hundred billion yen (several billion dollars), could be announced as early as Thursday, said the source who declined to be identified because the deal was not yet public.
The Nikkei business daily reported earlier that Mizuho was aiming to reinforce its overseas business and shore up its earnings power through the deal.