Rakuten is planning to combine its financial units to promote collaboration. The online retailer wants to have its banking, securities, credit card, and insurance operations under a single unit. The announcement has led to slight gains in the company’s shares.
Rakuten Group Inc. said Monday it plans to reorganize its financial units by consolidating its banking, brokerage, credit card and insurance operations as it grapples with mounting losses in its mobil
Rakuten Group Inc said Monday it plans to reorganize its financial units by consolidating its banking, brokerage, credit card and insurance operations as it grapples with mounting losses in its mobile business. Under its restructuring plan, Rakuten Bank Ltd, Rakuten Securities Holdings Inc, Rakuten Card Co and Rakuten Insurance Holdings…