Japan's Shinsei Bank said Thursday it has decided to reject a tender offer by major online financial group SBI Holdings Inc., setting the stage for what would be the first hostile takeover bid in the country's banking industry.Shinsei criticized SBI for attempting to effectively control the management without taking a majority stake, describing it as "detrimental" to other shareholders. The medium-sized lender also said SBI's price in the tender offer was too low to reflect its true value.After weeks of heightened tensions since the September launch of the unsolicited offer, Shinsei did not…READ FULL ARTICLE