Credit cooperative goes broke over Princeton bonds

Credit cooperative goes broke over Princeton bonds

KOBE, Japan - Hajime Shinobe, chief of Kita Hyogo Credit Cooperative, apologizes at a news conference at Hyogo Prefecture Hall in Kobe on Oct. 29, explaining that the financial institute went bankrupt due to huge losses incurred through its purchase of U.S. Princeton bonds. The credit cooperative lost 1 billion to 2 billion yen on the bonds bought from the Tokyo branch of Cresvale International Ltd.

  • Product Code
  • ILEA001079828
  • Registered date
  • 1999/10/29 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 1999 Kyodo News
  • Media size
  • 1864 × 1713 pixel
  • Resolution
  • dpi
  • Deployment size
  • 779.02(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    Japan Post punishes 34 officials for huge loss from unfair deal

    Japan Post punishes 34 officials for huge loss from unfair deal

    TOKYO, Japan - Japan Post Executive Officer Tameyasu Tsukada (L) and Shin-etsu Branch Office chief Toshiaki Nagao apologize at a press conference in Tokyo on May 12 after the company has punished 34 of its officials for causing a 2.7 billion yen loss with an unfair bulk mail service deal at its Nagaoka post office in Niigata Prefecture.
      NTT DoCoMo reports lower profit, sales for 1st half

      NTT DoCoMo reports lower profit, sales for 1st half

      TOKYO, Japan - Masao Nakamura, president of NTT DoCoMo Inc., speaks at a press conference in Tokyo on Oct. 29. The mobile phone service provider said its April-September group net profit dropped 6.0 percent from a year earlier to 335.19 billion yen on sales that fell 3.3 percent to 2,451.95 billion yen.
        Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

        Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

        TOKYO, Japan - Kanebo Ltd. President Akiyoshi Nakajima speaks at a press conference in Tokyo on Oct. 28. He suggested that the company may file criminal and civil complaints against its former management on suspicion of concealing up to 30 billion yen in losses for the business years ended in March 2002 and March 2003.
          Design of Japan's new 2,000-yen bill

          Design of Japan's new 2,000-yen bill

          TOKYO, Japan - The front (above) of the new 2,000-yen bill features an illustration of the Shureimon Gate in Naha, a symbol of Okinawa Prefecture, while the reverse shows a scene from the 1,000-year-old literary classic ''The Tale of Genji'' and a portrait of its author, Murasaki Shikibu. The bill, unveiled Oct. 29, will be issued in time for the summit of the G-8 nations in Okinawa next July.