Hopes of sweeping reform of the Japanese financial sector received a setback with news that the Japanese government will keep a stake in Shinsei Bank after its IPO next month. According to a report in today’s Financial Times, the Deposit Insurance Corporation will not sell all of the 33 per cent stake it holds in Shinsei, which was restructured and recapitalised by a US private equity group using $37 billion of public funds.
Japanese Government To Retain Stake In Shinsei Bank After IPO
Hopes of sweeping reform of the Japanese financial sector received a setback with news that the Japanese government will keep a stake in Shinsei Bank after its IPO next month. According to a report in today's Financial Times, the Deposit
« Old Mutual Bid For Mutual & Federal Runs Into Resistance