Rakuten Bank Shares Retreat After Investment Hopes Dim and Reorganization Risks Loom
Rakuten Bank shares fell about 4.2% to ¥6,480 in today’s trading, surrendering much of the previous session’s gains after market hopes for an investment from Mizuho Financial Group were tempered by an official clarification. Analysts say lingering uncertainty around a planned reorganization of Rakuten Group’s financial units, together with valuatio…