LTCB's ex-managers to return retirement payments

Katsunobu Onogi, president of the ailing Long-Term Credit Bank of Japan (LTCB), says Sept. 10 several of the bank's former top managers will return their retirement allowances because of their mismanagement. The president made the comment during a hearing at a House of Councillors special panel on financial and economic revitalization. The hearing took place to clarify the bank's financial situation and how it came to be on the verge of collapse.

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