RSS feedShinsei
’Shinsei to raise $508m
Shinsei Bank, the Japanese lender part owned by investor Christopher Flowers, plans to raise about Y50bn ($508m) as writedowns of toxic assets drive it to a full-year loss, joining other Japanese banks such as MUFG and Mizuho in fund-raising,
Shinsei – and other Japanese banks – sell the farm
Selling the farm seems to be a new trend among Japanese banks, while buying Tokyo bank property is becoming the vogue among US investment banks - at least if Morgan Stanley has anything to do with it.
All about Flowers: ‘He just wants to win’
What is Chris Flowers up to now? This year alone, the former Goldman Sachs partner and compulsive dealmaker has, through his buyout firm JC Flowers, completed, proposed or walked away from more deals than most bankers would dream about.
Japan’s Shinsei bank hit by losses, staff departures
Japan’s Shinsei Bank has suffered a string of senior departures in the past few months, particularly in the beleaguered retail banking division, amid sliding morale as the bank struggles to establish a successful business model.