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Nanyang Commercial Bank

SHANGHAI, CHINA - JUNE 17, 2024 - The office building of Nanyang Commercial Bank (NCB) in Shanghai, China, June 17, 2024

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Nanyang Commercial Bank

SHANGHAI, CHINA - JUNE 17, 2024 - The office building of Nanyang Commercial Bank (NCB) in Shanghai, China, June 17, 2024

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Nanyang Commercial Bank

SHANGHAI, CHINA - JUNE 17, 2024 - The office building of Nanyang Commercial Bank (NCB) in Shanghai, China, June 17, 2024

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Aozora Bank, reincarnation of failed NCB, begins operations

TOKYO, Japan - Hiroshi Marayama (2nd from R), president of Aozora Bank, the reincarnation of failed Nippon Credit Bank, unveils the bank's new corporate logo at a ceremony at the head office in Tokyo's Kudanshita on Jan. 4. Aozora literally means ''blue sky'' in Japanese.

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NCB President Homma dies of heart attack

TOKYO, Japan - File photo shows Tadayo Homma, president of Nippon Credit Bank (NCB), who died of a heart attack Sept. 20 at the age of 60.

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NCB begins operations under new owners

TOKYO, Japan - Nippon Credit Bank (NCB) opens Sept. 4 for its first official day of business under the ownership of a consortium led by Internet investor Softbank Corp., following 21 months of state control that ended Sept. 1. The new management is expected to adopt a plan to rename the institution Aozora Bank in January 2001. Aozora means ''blue sky'' in Japanese. Photo shows new NCB executives (from L to R) of Kokei Higuchi, president of Tokio Marine & Fire Insurance Co., Masayoshi Son, president of Softbank Corp., Tadayo Homma, a former executive director of the Bank of Japan, who is expected to become president of the new bank, and Yoshihiko Miyauchi, chairman of Orix Corp.

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NCB to make fresh start as 'Aozora Bank'

TOKYO, Japan - File photo shows the Tokyo headquarters of the nationalized Nippon Credit Bank (NCB), which was sold to a consortium led by Internet investor Softbank Corp. on Sept. 1. The group plans to rename it ''Aozora Bank'' -- the Japanese word for blue sky -- on Jan. 1 next year.

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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NCB president meet the press

TOKYO, Japan - Takuya Fujii, president of the nationalized Nippon Credit Bank (NCB), speaks at a news conference at the bank's head office in Tokyo on Aug. 25 after the government endorsed a plan to inject 3.2 trillion into the failed bank before selling it to a consortium led by Internet investor Softbank Corp.

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Softbank signs NCB deal

TOKYO, Japan - Noboru Matsuda (L), head of the state-run Deposit Insurance Corp. (DIC), and Masayoshi Son (C), president of Internet investor Softbank Corp., sign documents on the purchase of failed Nippon Credit Bank (NCB) on June 30. Under he deal, the Softbank consortium will pay the government one billion yen for all outstanding NCB common shares and another 100 billion yen to bolster NCB's capital base.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Softbank-led group loses rights to buy NCB

TOKYO, Japan - Shoji Mori, secretary general of the government's Financial Reconstruction Commission (FRC), speaks at a news conference in Tokyo on May 31 after FRC's talks with a consortium led by leading Internet investor Softbank Corp. on the failed Nippon Credit Bank broke down. He said the consortium's priority rights to negotiate the purchase of the long-term credit bank have expired.

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Bad loan-laden NCB asked to apply for state control

Shigeoki Togo, president of Nippon Credit Bank enters Prime Minister's Office on Dec. 12 to receive a notice urging the long-term credit bank to request for temporary nationalization, as the gov't has concluded the bank, laden with huge bad loans, is effectively in a state of collapse.

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NCB President Homma dies of heart attack

TOKYO, Japan - File photo shows Tadayo Homma, president of Nippon Credit Bank (NCB), who died of a heart attack Sept. 20 at the age of 60.

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)

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Aozora Bank, reincarnation of failed NCB, begins operations

TOKYO, Japan - Hiroshi Marayama (2nd from R), president of Aozora Bank, the reincarnation of failed Nippon Credit Bank, unveils the bank's new corporate logo at a ceremony at the head office in Tokyo's Kudanshita on Jan. 4. Aozora literally means ''blue sky'' in Japanese.

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Orix Credit Chairman Maruyama to head NCB

TOKYO, Japan - Orix Credit Corp. Chairman Hiroshi Maruyama meets the press in Tokyo on Nov. 20 after Nippon Credit Bank (NCB) decides to name him as its new president, effective Dec. 5, filling the vacancy left by the suicide of former NCB head Tadayo Homma two months ago. Maruyama, 64, was also named as an adviser to NCB, effective Nov. 20.

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NCB begins operations under new owners

TOKYO, Japan - Nippon Credit Bank (NCB) opens Sept. 4 for its first official day of business under the ownership of a consortium led by Internet investor Softbank Corp., following 21 months of state control that ended Sept. 1. The new management is expected to adopt a plan to rename the institution Aozora Bank in January 2001. Aozora means ''blue sky'' in Japanese. Photo shows new NCB executives (from L to R) of Kokei Higuchi, president of Tokio Marine & Fire Insurance Co., Masayoshi Son, president of Softbank Corp., Tadayo Homma, a former executive director of the Bank of Japan, who is expected to become president of the new bank, and Yoshihiko Miyauchi, chairman of Orix Corp.

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NCB to make fresh start as 'Aozora Bank'

TOKYO, Japan - File photo shows the Tokyo headquarters of the nationalized Nippon Credit Bank (NCB), which was sold to a consortium led by Internet investor Softbank Corp. on Sept. 1. The group plans to rename it ''Aozora Bank'' -- the Japanese word for blue sky -- on Jan. 1 next year.

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NCB president meet the press

TOKYO, Japan - Takuya Fujii, president of the nationalized Nippon Credit Bank (NCB), speaks at a news conference at the bank's head office in Tokyo on Aug. 25 after the government endorsed a plan to inject \3.2 trillion into the failed bank before selling it to a consortium led by Internet investor Softbank Corp.

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Softbank signs NCB deal

TOKYO, Japan - Noboru Matsuda (L), head of the state-run Deposit Insurance Corp. (DIC), and Masayoshi Son (C), president of Internet investor Softbank Corp., sign documents on the purchase of failed Nippon Credit Bank (NCB) on June 30. Under he deal, the Softbank consortium will pay the government one billion yen for all outstanding NCB common shares and another 100 billion yen to bolster NCB's capital base.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Softbank-led group loses rights to buy NCB

TOKYO, Japan - Shoji Mori, secretary general of the government's Financial Reconstruction Commission (FRC), speaks at a news conference in Tokyo on May 31 after FRC's talks with a consortium led by leading Internet investor Softbank Corp. on the failed Nippon Credit Bank broke down. He said the consortium's priority rights to negotiate the purchase of the long-term credit bank have expired.

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Softbank group to negotiate purchase of NCB

TOKYO, Japan - A photo taken from a Kyodo News helicopter Feb. 24 shows the head office in Tokyo of Nippon Credit Bank (NCB). The Financial Reconstruction Commission (FRC) announced its decision earlier in the day to give an alliance of companies led by Softbank Corp. the first shot at negotiating the terms of the proposed purchase of the nationalized bank.

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Softbank group given 1st shot in NCB purchase talks

TOKYO, Japan - Michio Ochi (2nd from R), chairman of the Financial Reconstruction Commission (FRC), is about to take a seat for a news conference Feb. 24, where he announced a decision to give a group of companies led by Softbank Corp. the first shot at negotiating the terms of the proposed purchase of the nationalized Nippon Credit Bank (NCB).

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Former NCB executives plead not guilty

TOKYO, Japan - Accompanied by their lawyers, three former executives of the failed Nippon Credit Bank walk into the Tokyo District Court on Jan. 21 to appear in the first hearing of their trial. Former Vice President Tadao Iwaki, 62, former Chairman Hiroshi Kubota, 68, and former President Shigeoki Togo, 56, (drom L to R) pleaded not guilty to charges of falsifying the bank's fiscal 1997 earnings report to conceal bad loans.

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Bad loan-laden NCB asked to apply for state control

Shigeoki Togo, president of Nippon Credit Bank enters Prime Minister's Office Dec. 12 to receive a notice urging the long-term credit bank to request for temporary nationalization, as the gov't has concluded the bank, laden with huge bad loans, is effectively in a state of collapse. ==Kyodo