Japan’s banking minnows swim in risky waters

Shinsei Bank Ltd is making its biggest overseas acquisition, buying a consumer-finance unit from Australia & New Zealand Banking Group Ltd for the equivalent of about US$480mil

PANDEMICS shouldn’t make small banks adventurous. Tell that to Japan’s lenders.

Shinsei Bank Ltd is making its biggest overseas acquisition, buying a consumer-finance unit from Australia & New Zealand Banking Group Ltd for the equivalent of about US$480mil, according to a statement yesterday from the Tokyo-based lender.