Shinsei Bank Ltd.  |  Grey Market
52wk high:1.85
52wk low:1.11
PE (ttm):-
Div Rate (ttm):2.00
Yield (ttm):119.76%
Market Cap:$4.43B
  • Nov. 16, 2015, 2:57 AM
    • The race to buy General Electric's (NYSE:GE) Japanese commercial-lending operation is nearing the finish line with two bidders remaining, sources told WSJ.
    • The leasing arm of Sumitomo Mitsui Financial Group (NYSE:SMFG) and Shinsei Bank (OTCPK:SKLKY) submitted binding bids earlier this month and both will continue discussions for the business valued at nearly $5B.
    • Media reports on Friday said GE was set to enter into exclusive talks with SMFG.
    Nov. 16, 2015, 2:57 AM
  • Feb. 26, 2014, 4:57 AM
    • GE (GE) has agreed to pay $1.7B to Japan's Shinsei Bank (SKLKF) to end the conglomerate's exposure to compensation for interest refund claims.
    • The deal will hit GE's Q4 and 2013 earnings by $1B, and net EPS by $0.09.
    • GE's liability goes back to a loss-sharing agreement from 2008, when GE Capital sold its Japanese consumer operations to Shinsei for $5.4B. (PR)
    Feb. 26, 2014, 4:57 AM | 13 Comments