Christopher Flowers has played a leading role as an investor and adviser to Shinsei since its creation in 2000, when its predecessor, Long-Term Credit Bank
of Japan, was acquired by a consortium of U.S.
This included several revitalized banks--like the recently re-listed Shinsei bank (the former Long-Term Credit Bank
in 1999 to find a buyer for the failed Long-Term Credit Bank
(LTCB) under wraps for 10 years at the request of the U.S.-based investment bank, according to confidential government data declassified Tuesday.
The Industrial Bank of Japan (IBJ), Long-Term Credit Bank
of Japan (LTCB) and Nippon Credit Bank (NCB) said Thursday they will slash their long-term prime
Kookmin Bank became South Korea's second-largest in terms of total assets by merging with Korea Long-Term Credit Bank
in January this year.
TOKYO, March 30 Kyodo A committee of the Financial Reconstruction Commission (FRC) announced Tuesday that it has evaluated the stocks of the failed Long-Term Credit Bank
of Japan (LTCB) as worth nothing.
The German bank said it had acquired the aircraft and shipping finance business of The Long-Term Credit Bank
of Japan (LTCB).
Japan's second-largest trust bank, Sumitomo Trust and Banking, and the troubled Long-Term Credit Bank
of Japan have agreed to hold merger talks.
Collins had led efforts to buy and turn around the bank's failed predecessor Long-Term Credit Bank
of Japan, Shinsei Bank said.
The results - most significantly, Ripplewood's 1999 purchase of the Long-Term Credit Bank
(renamed Shinsei Bank) and Lonestar's turnaround of the former Tokyo Sowa Bank (now Tokyo Star Bank) - are well-known.
-- The government has set aside 2.5 trillion yen in funds to process the collapses of the Long-Term Credit Bank
of Japan and Nippon Credit Bank as well as to finance other measures to ensure depositor protection and the stability of the financial system.
Japan Leasing, one of three nonbank affiliates of the troubled Long-Term Credit Bank
of Japan, filed for court protection Sunday with debts of 2,180.3 billion yen.