Having spent much of March teetering on the brink of a funding crisis, the Nippon Credit Bank announced a dramatic restructuring plan on April 1 that is intended to save it from extinction.

NCB will put three of its leasing and finance subsidiaries into voluntary bankruptcy, shut down all of its overseas operations, and refocus its energies on becoming an investment bank serving small and medium-size Japanese companies.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.