FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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