Foreign linkup isn't enough to put money into LTCB
Article Abstract:
Long-Term Credit Bank of Japan's alliance with the Swiss Bank will not be enough to convince investors to buy the company's stocks as the company still needs to work on its portfolio. Analysts maintain that those seeking long term gains should not invest in the bank or any other Japanese bank and that it will be a while before the company sees improved investor confidence in the company's stocks. The alliance, analysts say, will enable the bank to position itself strategically and will enable the bank to upgrade its technology.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Japanese banks use cheap loans to expand in Asia
Article Abstract:
Intense competition is driving Japanese banks to offer cheap loans and services at small or even no profit to gain market share in Asia. Asian countries such as Thailand, which has cheap labor and stable currency, are benefitting from all the cheap loans available to fuel their economic growth. Historically, aggressive lending has provendevastating in a saturated market. The sharp decline in the property market in Japan in the 1990s has also hurt the Japanese banks, leaving them with $200 billion in bad loans.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Japan pushes LTCB sale
Article Abstract:
Japanese financial regulators wants the sale of Long-Term Credit Bank of Japan Ltd (LTCB) to be concluded by the end of Jul 1999. There are indications that the bank, which was nationalized in Oct 1998, will remain intact after the sale and could possibly be listed once more in the country's stock exchanges. Japan's Financial Reconstruction Commission is said to be considering the possibility of keeping the bank whole in choosing among the bidders.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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