Oct. 3 (Bloomberg) -- Shinsei Bank Ltd., the Japanese lender partly owned by J. Christopher Flowers, probably posted a 90 percent drop in profit for the second quarter on securities valuation losses stemming from the global financial-market rout.
Net income fell to about 300 million yen ($3.9 million) in the three months ended Sept. 30 from 3 billion yen a year earlier, according to a preliminary earnings statement released by Tokyo-based Shinsei today.
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