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)
      Kishida-Biden talks

      Kishida-Biden talks

      Japanese Prime Minister Fumio Kishida (2nd from R) holds talks with U.S. President Joe Biden (2nd 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.
              Noda leaves for U.S. to attend G-8 summit

              Noda leaves for U.S. to attend G-8 summit

              TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (L), accompanied by his wife Hitomi Noda (R), leaves Tokyo's Haneda airport on May 18, 2012, to attend a summit of the Group of Eight countries at the U.S. presidential retreat of Camp David in Maryland.
                G-7 agrees on coordinated forex intervention

                G-7 agrees on coordinated forex intervention

                TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda (L center) and Bank of Japan Governor Masaaki Shirakawa (R center) are surrounded by reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan.
                  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)
                      G-8 finance ministers meet press prior to 2-day gathering

                      G-8 finance ministers meet press prior to 2-day gathering

                      OSAKA, Japan - World Bank President Robert Zoellick (L), U.S. Treasury Secretary Henry Paulson (2nd from L), Japanese Finance Minister Fukushiro Nukaga (3rd from L) and British Chancellor of the Exchequer Alistair Darling hold a joint press conference in Osaka on June 13 prior to the opening of the Group of Eight finance ministers' meeting.