Tag - shinsei-bank

 
 

SHINSEI BANK

Pedestrians in front of the Shinsei Bank headquarters in Tokyo in October 2021
BUSINESS / Companies
Sep 8, 2023
SBI Shinsei Bank to go private to repay public funds
By going private, SBI Shinsei Bank will free itself from the shackles of stock prices and be able to pay back the public funds "at some point."
Japan Times
BUSINESS / FOCUS
Oct 31, 2022
Weak yen prompts people to shift savings into dollars and foreign bonds
Banks are seeing a surge in the number of customers funneling their money into foreign currency deposits.
Japan Times
BUSINESS
Mar 30, 2022
After takeover battle, new Shinsei CEO considers buying shadow banks
The midsized lender with u00a510.6 trillion in assets came into the spotlight last year when SBI Holdings Inc. made a tender offer to take effective control of the firm.
BUSINESS / Companies
Dec 22, 2021
SBI's Yoshitaka Kitao 'totally agrees' with suggested delisting of Shinsei Bank
Having secured effective control of the bank, Kitao could delist it in order to pay back funds Shinsei has owed taxpayers since a 1998 bailout.
Japan Times
BUSINESS
Nov 25, 2021
As Shinsei defense collapses, another poison pill works in Japan
Tokyo Kikai Seisakusho Ltd., a small maker of newspaper printing presses, said Thursday that Asia Development Capital Co. had decided not to pursue control of the firm.
Japan Times
BUSINESS / Companies
Nov 24, 2021
Shinsei Bank drops poison pill defense in SBI takeover saga
A takeover fight erupted for Shinsei in September when Japan's biggest online brokerage launched a rare unsolicited tender offer to increase its stake in Shinsei.
Japan Times
BUSINESS / Companies
Nov 24, 2021
The poison pill, long hated by investors, gets new love in Japan
Tokyo-based Shinsei Bank Ltd. has asked shareholders to approve on Thursday its plan to use a poison pill defense against a proposed stake increase by SBI Holdings Inc.
Japan Times
BUSINESS / Companies
Nov 18, 2021
U.S. hedge fund says both Shinsei and SBI at fault in takeover battle
'Both sides are not satisfying what shareholders would like to see,” said Dalton Investments co-founder and portfolio manager Jamie Rosenwald, whose firm holds about 3% of Shinsei for clients.
Japan Times
BUSINESS / Companies
Nov 10, 2021
Shinsei board member says the bank needs to improve performance
Shinsei has moved to defend itself from an SBI takeover bid, saying it would introduce a strategy designed to dilute the suitor's stake.
Japan Times
BUSINESS / Companies / FOCUS
Sep 17, 2021
The rationale behind SBI's targeting of Shinsei Bank
CEO Yoshitaka Kitao sees the acquisition of the bank as key to expanding his sprawling businesses.
Japan Times
BUSINESS / Companies
Jun 2, 2020
Shinsei to buy New Zealand's UDC Finance for $480 million
Shinsei Bank Ltd. said it will buy New Zealand's top nonbank finance provider, UDC Finance Ltd., for $480 million (¥51.7 billion) in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market.
Japan Times
BUSINESS / Markets
Aug 28, 2019
Japanese government becomes top shareholder of Shinsei Bank
The government has effectively become the top shareholder of Shinsei Bank Ltd., with a stake of about 19 percent in terms of voting rights, replacing U.S. investment fund J.C. Flowers & Co.
BUSINESS / Companies
Aug 9, 2019
Japan government to become top shareholder of Shinsei Bank
The government is expected to replace J.C. Flowers & Co. as the top shareholder of Shinsei Bank after the institution said Thursday that the U.S. investment firm will sell most of its stake in the bank.
Japan Times
BUSINESS
May 18, 2017
Eyeing demographic shift, banks step up English services
When starting out in a new country, having a bank account is essential, but choosing a bank can be difficult without being familiar with banking systems or speaking the local language.
COMMUNITY / How-tos / LIFELINES
Jan 31, 2016
Bank remittance case suggests My Number may be tough to opt out of
A reader asks about the relationship between the My Number registration system and sending money abroad.

Longform

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