• Bloomberg


Shinsei Bank Ltd., the first Japanese bank acquired by overseas investors, said Monday its profit is projected to fall 80 percent on losses from debt extended to Lehman Brothers Holdings Inc.

Net income will decline to ¥12 billion for the 12 months ending March 31 from ¥60.1 billion projected the previous year and the ¥62 billion forecast in May, the Tokyo-based bank said.

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