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Article: Japan : Japan tells Shinsei, Aozora to improve performance.

Article from:
TendersInfo
Article date:
July 30, 2009
Copyright

Byline: pinto03

Japan's financial watchdog on Tuesday instructed Shinsei Bank and Aozora Bank, two mid-sized lenders that have received public funds, to improve their poor business performances.

It criticised the banks' risk management and business judgment and ordered them to submit improvement plans by September 11 outlining how they intend to improve their profitability.

Shinsei and Aozora, which have ...

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