Ashikaga Bank head to quit due to poor performance

Ashikaga Bank head to quit due to poor performance

UTSUNOMIYA, Japan - Ashikaga Bank President Shin Iizuka announces his resignation at a press conference in Utsunomiya, Tochigi Prefecture, on Oct. 16. He said he will resign next year to take the blame for the bank's failure to pay dividends on preferred shares, which the government purchased to help the bank boost its capital.

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