Yashiro was previously appointed president and chief executive of the bank after it was bought by a consortium including US firm Ripplewood and investor Christopher Flowers in 2000; Shinsei had risen two years before that from the ashes of the crippled Long Term Credit Bank of Japan. The bank’s subsequent recapitalization and reinvention led to its being lauded in the media, with Euromoneyacclaiming it best bank in Japan in 2006. However, Shinsei failed to convert the promise of innovation symbolized by its 24-hour ATMs and slick web presence into a profitable retail operation and has struggled to make money throughout the past two years.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
