3 UFJ banks to post losses

TOKYO, Japan - Executives of three Japanese banks to merge as UFJ Holdings Inc. in April announced at a news conference March 16 they will post losses in their March settlements to write off over 1 trillion yen in bad loans. Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co. are the first major banks in Japan to formally announce losses in March book-closings for fiscal 2000.

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ILEA001083564

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2001/3/15 00:00:00

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Kyodo / Kyodo News Images

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2001 Kyodo News

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