Nobody wants to buy the debentures issued by any of the long-term credit banks.
Back in 2000 the once-famed Long-Term Credit Bank of Japan was all but broke.
Its AA-plus long- term credit rating is better than those of Microsoft and Boeing.
Since then the gap in the interest rates paid by the long-term credit banks has widened.
It is buying leasing assets, distressed debt and has also shown an interest in Long-Term Credit Bank.
The fate of the Long-Term Credit Bank, Japan's 10th-largest bank, has become a symbol of what's at stake.
His brand equity helped not only in securing long-term credit from machinery suppliers but also in hiring staff.
But Shinsei Bank (Long-Term Credit Bank, before it went bust) provides some clues.
Shares in other big and deeply troubled banks such as Nippon Credit Bank, Long-Term Credit Bank and Daiwa Bank, fell as much.
What Mr Flowers brought to Long-Term Credit, apart from a bid-topping offer, was a perspective drawn from a particular kind of background.
The mighty Long-Term Credit Bank of Japan had its head office in Otemachi on an urban site that overshadowed the Masakado shrine.
ECONOMIST: There is more than you think to the haunting of Japan
The two long-term credit banks that later went bust (Long-Term Credit Bank and Nippon Credit Bank) were stuffed full of former finance-ministry staff.
It refused to do so before, because Japan's three long-term credit banks relied for their financing on five-year debentures, even though two were nationalised.
In April, Nippon Credit Bank, the most troubled of the three long-term credit banks, even allowed one of its affiliates, Crown Leasing, to go bust.
Then, they need to prove that they can tap into long-term credit markets without leaning on the Federal Deposit Insurance Corp. to guarantee their debt.
They had come to fear that their dirty laundry would be revealed if the teetering Long-Term Credit Bank went broke, and that was beginning to look imminent.
Ratings agency Fitch downgraded Greece's long-term credit rating from B- to CCC on Thursday, citing the increased risk that Greece could be forced to leave the eurozone.
Yields on 10-year Treasurys are down at 2.4%, as investors continue to speculate on the quantitative easing measures that the Federal Reserve could take to ease long-term credit.
Moody's placed Sony's long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the onetime king of consumer electronics.
Ratings agency Fitch cut Greece's long-term credit rating from B- to CCC Thursday, only one notch above default level, reflecting worries over its ability to remain in the euro currency zone.
In addition to some of the former assets of Hokkaido Takushoku Bank, it will have to take on the bad loans of Nippon Credit Bank and Long-Term Credit Bank, both nationalised last year.
The commission wants the Fund to restrict itself to short-term loans for economies in crisis at higher-than-market interest rates, rather than long-term concessional credit to cover balance-of-payments deficits.
Culver's looking for two big victories: a long-term tax credit for production of wind energy and a national mandate requiring utilities to use more renewable energy.
Rating company Standard and Poor's raised the country's long-term sovereign credit rating from "stable" to "positive" last week, citing optimism about the government's ability to carry out structural changes.
John Lamidey, chief executive of the Consumer Financial Association which represents the eight largest payday loan lenders, said most long-term debt was on credit cards and bank overdrafts and he advised anyone with long-term debt to go to Citizens Advice (CAB).
Dexia, which used short-term funding to finance long-term lending, found credit drying up as the euro zone debt crisis worsened.
FORBES: Dexia and Proton: the First of the Coming Wave of European Bank Failures
While a great start, most of this success has been in municipal buildings and schools, where long-term ownership and credit stability pose fewer challenges.
FORBES: Log Baby Log: The Race to The Big New Resource Play You Haven't Heard Of
Nor will the reforms require credit-card companies to ensure that their customers understand the long-term cost of the credit they are granted.
Higher long-term interest rates or credit spreads would also be awkward.
应用推荐