banking
Wakkanai Shinkin Bank Bolsters Capital Base with JPY 20bn Preferred Stock Issuance to Offset Bond Losses
Wakkanai Shinkin Bank will issue ¥20 billion ($130M+) in preferred subscription certificates to strengthen its financial foundation. The entire capital injection will be underwritten by Shinkin Central Bank through an industry management enhancement program. The move follows recent media reports regarding the regional bank's balance sheet, which has