Former Sumitomo Bank President Ibe dies at 92

Former Sumitomo Bank President Ibe dies at 92

OSAKA, Japan - File photo shows Kyonosuke Ibe, a former president of Sumitomo Bank, a predecessor to Sumitomo Mitsui Banking Corp., who died April 16 at 92. Ibe was known for his role in arranging the 1976 absorption of financially troubled trading house Ataka Corp. by C. Ito & Co., now Itochu Corp., and bailing out ailing automaker Toyo Kogyo Co., now Mazda Motor Corp., in the 1970s.

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  • Kyodo / Kyodo News Images
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