Ashikaga Bank, Misuzu Audit to settle damages suit

Ashikaga Bank, Misuzu Audit to settle damages suit

UTSUNOMIYA, Japan - Ashikaga Bank President Norito Ikeda speaks at a news conference in Utsunomiya, Tochigi Prefecture on July 2, announcing that the bank has reached a basic agreement with Misuzu Audit Corp. to settle their court battle in which the regional lender had sought 1.1 billion yen in damages from the audit firm in connection with the bank's 2003 nationalization.

Ashikaga Bank incurs 679 bil. yen negative net worth

Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers.

Former Bank of Yokohama exec to head Ashikaga Bank

Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank.

Ashikaga Bank, Misuzu Audit to settle damages suit

Ashikaga Bank, Misuzu Audit to settle damages suit

UTSUNOMIYA, Japan - Ashikaga Bank President Norito Ikeda speaks at a news conference in Utsunomiya, Tochigi Prefecture on July 2, announcing that the bank has reached a basic agreement with Misuzu Audit Corp. to settle their court battle in which the regional lender had sought 1.1 billion yen in damages from the audit firm in connection with the bank's 2003 nationalization. (Kyodo)

Ashikaga Bank incurs 679 bil. yen negative net worth

Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers. (Kyodo)

Former Bank of Yokohama exec to head Ashikaga Bank

Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank. (Kyodo)