Failed Kofuku Bank to be sold to U.S. investor group

Failed Kofuku Bank to be sold to U.S. investor group

OSAKA, Japan - Wilbur L. Ross (R), chairman of Asian Recovery Fund, an investment fund, speaks at a news conference in Osaka on May 18 after Japan's Financial Reconstruction Commission (FRC) and a group of FRC-appointed reorganization administrators of Kofuku Bank decided to sell the failed bank to his fund. Asian Recovery Fund will establish a new bank to take over the Osaka-based bank at the end of December.

  • Product Code
  • ILEA001080729
  • Registered date
  • 2000/5/18 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2000 Kyodo News
  • Media size
  • 1864 × 1770 pixel
  • Resolution
  • dpi
  • Deployment size
  • 1.67(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    Kishida-Biden talks

    Kishida-Biden talks

    Japanese Prime Minister Fumio Kishida (2nd from R) holds talks with U.S. President Joe Biden (3rd from L) in Hiroshima on May 18, 2023, on the sidelines of the three-day Group of Seven summit in the western Japan city. (Pool photo)
      G-7 summit in Hiroshima

      G-7 summit in Hiroshima

      (from R) European Commission President Ursula von der Leyen, Japanese Prime Minister Fumio Kishida and U.S. President Joe Biden attend a Group of Seven summit side evet on global infrastructure and investment partnership in Hiroshima, western Japan, on the second day of the three-day summit on May 20, 2023. (Pool photo)
        G-7 summit in Hiroshima

        G-7 summit in Hiroshima

        Japanese Prime Minister Fumio Kishida (C), U.S. President Joe Biden (C,L) and European Commission President Ursula von der Leyen (C,R) attend a Group of Seven summit side evet on global infrastructure and investment partnership in Hiroshima, western Japan, on the second day of the three-day summit on May 20, 2023. (Pool photo)
          IMF's Lagarde, WB's Kim, Development Committee's Belka

          IMF's Lagarde, WB's Kim, Development Committee's Belka

          TOKYO, Japan - (From L to R) Marek Belka, chairman of the joint International Monetary Fund-World Bank Development Committee, IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim attend a press conference in Tokyo on Oct. 13, 2012. The International Monetary and Financial Committee, the policy-setting body of the IMF, as well as the joint IMF-World Bank Development Committee, held a meeting in Tokyo the same day.
            Shinko, Mizuho Securities merge, becoming 4th-largest brokerage house

            Shinko, Mizuho Securities merge, becoming 4th-largest brokerage house

            TOKYO, Japan - (From L to R) Takashi Tsukamoto, president of Mizuho Financial Group Inc., Takashi Kusama, chairman of Mizuho Securities Co., Keisuke Yokoo, president of Mizuho Securities, and Yasuhiro Sato, president of Mizuho Corporate Bank Ltd., join hands during a ceremony to mark the merger of Shinko Securities Co. and Mizuho Securities Co. in Tokyo on May 7. The newly created brokerage house succeeded to the name of Mizuho Securities.
              G-8 summit: G-8 leaders pose for commemorative photo

              G-8 summit: G-8 leaders pose for commemorative photo

              TOYAKO, Japan - Leaders of the Group of Eight nations and other invited participants pose for a commemorative photo on July 7, the opening day of the three-day G-8 summit at Windsor Hotel Toya in Toya, Hokkaido. From L to R: U.N. Secretary General Ban Ki Moon, African Union Commission Chairman Jean Ping, Italy's Prime Minister Silvio Berlusconi, Nigeria's President Umaru Yar'Adua, Canada's Prime Minister Stephen Harper, Ghana's President John Kufuor, Russia's President Dmitry Medvedev, Algeria's President Abdelaziz Bouteflika, U.S. President George W. Bush, Japan's Prime Minister Yasuo Fukuda, South Africa's President Thabo Mbeki, France's President Nicolas Sarkozy, Senegal's President Abdoulaye Wade, Germany's Chancellor Angela Merkel, Tanzania's President Jakaya Kikwete, Britain's Prime Minister Gordon Brown, Ethiopia's Prime Minister Meles Zenawi, European Commission President Jose Manuel Barroso and World Bank President Robert Zoellick. (Pool photo)
                Softbank to buy Japan Telecom from Ripplewood for 340 bil. yen

                Softbank to buy Japan Telecom from Ripplewood for 340 bil. yen

                TOKYO, Japan - (From L to R) Ripplewood Holdings, LLC CEO Timothy Collins, Softbank Corp. President Masayoshi Son and Japan Telecom Co. President Hideki Kurashige shake hands at a Tokyo hotel on May 27 after Softbank announced the same day it will buy Japan Telecom from U.S. investment fund Ripplewood for about 340 billion yen in the fall.
                  (2)G-8 backs Iraq power transfer

                  (2)G-8 backs Iraq power transfer

                  WASHINGTON, United States - (From L to R) Japanese Foreign Minister Yoriko Kawaguchi, British Foreign Secretary Jack Straw, French Foreign Minister Michel Barnier and U.S. Secretary of State Colin Powell are seated at a joint press conference at the end of a one-day meeting of the Group of Eight countries in Washington on May 14.
                    Japan, U.S. business leaders urge Tokyo to expedite reforms

                    Japan, U.S. business leaders urge Tokyo to expedite reforms

                    WASHINGTON, United States - Mitsubishi Corp. Chairman Minoru Makihara (C) speaks at a news conference at the end of a two-day the Japan-U.S. Business Conference in Washington on Feb. 18, as AT&T Corp. Chairman Michael Armstrong (L) and Toshiba Corp. Chairman Taizo Nishimuro (R) listen.
                      Insolvency steps imminent for Kansai Kogin

                      Insolvency steps imminent for Kansai Kogin

                      OSAKA, Japan - Lee Chong Im (L), president of Kansai Kogin, an Osaka-based credit company serving mostly South Korean residents of Japan, speaks at a news conference in Osaka on Dec. 15 on the Financial Reconstruction Commission's decision to begin insolvency proceedings for the bank. Seated to his right is Vice President Park Chung Hong.