TOKYO — Japanese trading house Itochu will branch out into the banking business through a capital tie-up with Seven Bank, with plans to install Seven Bank ATMs at the subsidi FamilyMart convenience store chain.
The copmpany is in talks to take a roughly 10% stake in Seven Bank, a subsidi of 7-Eleven parent Seven & i Holdings, with plans to possibly increase the interest to around 20% in the future.
