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SBI Shinsei Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2000

    Controversy over the Long-Term Credit Bank sale and defect-warranty provision

    The restructuring and sale of the former Long-Term Credit Bank became politically controversial after Shinsei used a contractual provision to return certain materially impaired loan claims to the Japanese government. The subsequent failures of companies that had relied on the former bank, along with criticism of the public cost and transaction structure, made the privatization a prominent banking-sector controversy.

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