Kelly, Tim
February 2009
Forbes Asia;2/16/2009, Vol. 5 Issue 2, p61
The article reports that Japanese banking guru Masamoto Yashiro has joined Shinsei Bank again as chief executive officer after his successor, Thierry Porte, stepped down for being unable to stem losses from Japan's consumer credit crunch and the global financial crisis. The bank has revealed a six-month loss of more than $200 million. Six days earlier Moody's had dropped the bank's debt rating one peg, unimpressed by Porte's decision to buy General Electrics' consumer finance division in Japan.


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