Japanese banks, which were unenthusiastic about a...
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Japanese banks, which were unenthusiastic about a proposal last month that they help beleaguered BankAmerica Corp. raise $250 million in badly needed cash, appear to be reversing course due to a recent sweetened offer, Japanese bankers said. They said BankAmerica has agreed to boost interest rates on notes it hopes to sell to Japanese banks and dropped a plan to limit the maximum interest rate on the notes. “Although some banks remain reluctant, the majority are leaning toward accepting it,” said one banker, who declined to be identified.
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