New LTCB chief vows to revive int'l operations

New LTCB chief vows to revive int'l operations

TOKYO, Japan - Masamoto Yashiro, new president of the Long-Term Credit Bank of Japan (LTCB), meets reporters in Tokyo on March 3. He pledged the bank will be back in the international financial business in two to three years. The LTCB was sold March 1 by the government for 1 billion yen to New LTCB Partners CV, an Amsterdam-based international financial consortium led by Ripplewood Holdings LLC of the United States.

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