Shinsei in capital drive as merger falters
The Japanese bank is preparing to raise about Y75bn in fresh capital as a merger with a rival domestic lender once seen as a lifeline is in danger of collapse
2010. March 11. 0:33
The Japanese love-affair with bikes [Telegraph.co.uk] Marc. 5. Companies in Japan are developing new, greener electric cycles. Upturn casts doubt on Japan banks' union [FT.com] Marc. 11. The logic behind the proposed merger of Japanese banks Shinsei and Aozora has disappeared following a return of stability to global financial markets NAPF to call for overhaul of rules [FT.com] Marc. 11. The trade body representing UK pension plans is to call for an overhaul of the accounting rules that govern the disclosure of company retirement liabilities Barclays' nous lifts hopes of US dream [FT.com] Marc. 11. The bank's retail banking division is drawing up a strategic plan which will focus on how the group could break into the US market via a big acquisition Citi chief is on a mission of transformation [FT.com] Marc. 11. Shifting focus and reviving belief are key to the bank's plans for change Pandit sees revival of Citi's fortunes [FT.com] Marc. 11. Vikram Pandit, Citigroup's chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mar... Mexican shakes up world rich list [BBC NEWS] Marc. 11. Mexican Carlos Slim overtakes Bill Gates as the world's richest man, according to the Forbes "rich list", with a fortune of $53.5bn. FSA still has to 'crack the big one' [FT.com] Marc. 10. Insider share dealing conspiracy has revealed the Financial Services Authority's successes and failings in dealing with City scams F&C eager for further purchases [FT.com] Marc. 10. F&C Asset Management underlines its desire to expand via acquisition by confirming that it would seek more deals on top of its proposal to buy C-Quadrat for 54m Malcolm Calvert insider dealing trial shines a light on inner workings of the City [Telegraph.co.uk] Marc. 10. The four-week insider trading trial of Malcolm Calvert, a 65-year-old former Cazenove partner, shone an often unflattering light on the inner workings of the City of London. Charles Allen joins EMI Music after surprise departure [Telegraph.co.uk] Marc. 10. EMI Music chief executive Elio Leoni-Sceti has stepped down just 18 months after joining the record label, to be replaced by former ITV boss Charles Allen. FTSE all of a flutter on takeover talk [Telegraph.co.uk] Marc. 10. THE FTSE 100 spent much of the morning being upstaged by the mid-caps, who were riding high following a flurry of bid speculation, but the benchmark index fought back to close at a 21-month high...
