Shinsei Bank, which has captured the spotlight recently due to a sudden takeover bid from major Japanese online financial service firm SBI Holdings Inc., continues struggling to shore up its operations, with its share prices remaining low for a long period of time.
The bank has little prospect of repaying about ¥350 billion in public funds, or taxpayer money, provided by the government in the past. In 2009, it agreed with Aozora Bank on their merger for survival. But the merger accord broke down the following year.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.