Shinsei Bank Ltd, department store operator Isetan Mitsukoshi Holdings Ltd and credit card service provider JCB Co Ltd want to buy the unit, which offers Diners Club credit cards in Japan, the business daily reported. ** Merck & Co Inc.
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CHIBA, Japan — The shoppers at the Costco outlet in Japan come looking for. has turned a profit, as has Shinsei Bank, which previously failed and was taken over by backers that include Ripplewood Holdings, a U.S. investment fund. The.
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The lender’s businesses in the country also include an investment banking unit, credit card operator Citi Cards Japan and Citigroup. Mika Nemoto, a spokeswoman for Citigroup in Tokyo, declined to comment. Shinsei Bank plans to bid for.
General Electric is in the final stage of talks to sell its Japanese credit-card and housing-loan units to Shinsei Bank as its cost cutting programme continues. It was not immediately clear how much Shinsei would pay to buy GE’s three.
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(Removes erroneous reference to Canadian Solar in Sharp Corp item) Dec 8 (Reuters) – The following bids, mergers, acquisitions. in the country. Shinsei Bank Ltd, department store operator Isetan Mitsukoshi Holdings Ltd and credit.
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The company’s holdings, which include a global hotel chain and credit card business, have also drained its resources. considering the possible rewards,” Yasuhiro Matsumoto, an analyst at Shinsei Securities, told The Times. On the.
GE said it had agreed to sell its Japanese consumer finance unit, which includes the Lake personal loan business, wholly owned credit cards and mortgages under GE Consumer Finance Co Ltd. and its subsidiaries, to Shinsei Bank, a.
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The lender’s companies in the country also include Citigroup Global Markets Japan, an investment banking unit, credit card operator Citi Cards Japan. declined to comment. Shinsei Bank Ltd. plans to bid for Citigroup’s retail banking.
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Other than Lone Star, Tokyo-based Shinsei Bank and French Bank Credit Agricole are other shareholders of. reported in December last year that Tokyo Star is in talks with Chinatrust Bank, which is a unit of CTBC Financial Holdings, for.
increasing from 7.4 million cards in 2009 to 8.2 million in 2013. Companies Mentioned in this Report: Shinsei Bank,
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Citi is screening bidders for its Japan consumer banking business, which includes Diners Club credit card, amid weak loan demand and falling. Sumitomo Mitsui Financial Group Inc, Shinsei Bank Ltd and Mitsubishi UFJ Financial.
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The credit ratings agency said. unsecured credit — such as credit cards — was less available. TOKYO — Slumping banks dragged Japanese stocks lower as investors doubted whether latest merger deal between Shinsei Bank Ltd. and.
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SMFG bought a 32 percent stake in credit card firm OMC Card Inc in July. but it raised its full-year forecast, while smaller lenders Shinsei Bank Ltd and Aozora Bank Ltd posted profit declines because of turmoil in the subprime market.