Reps of New LTCB Partners meet press

Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).

New LTCB chief vows to revive int'l operations

New LTCB chief vows to revive int'l operations

TOKYO, Japan - Masamoto Yashiro, new president of the Long-Term Credit Bank of Japan (LTCB), meets reporters in Tokyo on March 3. He pledged the bank will be back in the international financial business in two to three years. The LTCB was sold March 1 by the government for 1 billion yen to New LTCB Partners CV, an Amsterdam-based international financial consortium led by Ripplewood Holdings LLC of the United States.

LTCB seeks taxpayers' money for capital base

LTCB seeks taxpayers' money for capital base

TOKYO, Japan - Masamoto Yashiro, president of the Long-Term Credit Bank of Japan (LTCB), arrives at the office of the government's Financial Reconstruction Commission (FRC) on March 3 to file a formal request for an injection of taxpayers' money to strengthen the bank's capital bases. LTCB, which New LTCB Partners CV. (NLP), a group of financial companies led by U.S. fund Ripplewood Holdings LLC, has just bought from the government, is seeking 240 billion yen in public funds.

LTCB board members hold first meeting

LTCB board members hold first meeting

TOKYO, Japan - The 14 board members of the newly privatized Long-Term Credit Bank of Japan (LTCB) hold their first meeting in Tokyo on March 2. The bank was bought March 1 by New LTCB Partners CV. (NLP), an Amsterdam-based international consortium led by U.S. fund Ripplewood Holdings LLC, as the first major Japanese commercial bank to come under foreign ownership.

New LTCB to open as FRC approves agreement

New LTCB to open as FRC approves agreement

TOKYO, Japan - The Financial Reconstruction Commission on Feb. 9 approved the final agreement on the sale of the nationalized Long-Term Credit Bank of Japan (LTCB) to an international consortium led by U.S. fund Ripplewood Holdings LLC. The new LTCB begins operations March 2. Among the signatories to the agreement were Masamoto Yashiro (third from R), as representative of New LTCB Partners, LTCB President Takashi Anzai (second from L), Noboru Matsuda (third from L), governor of Deposit Insurance Corp. (DIC), which owns LTCB's 2.4 billion common shares, Ripplewood founder Timothy Collins (second from R), and Christopher Flowers (R), former head of the Goldman Sachs Financial Institutions Group. At left is Keiji Matsuda, deputy governor of DIC.

Reps of New LTCB Partners meet press

Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).