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Bank recapitalization bill clears lower house plenary session

TOKYO, Japan - Members of the House of Representatives, at its plenary session on Nov. 6, pass a bill to inject public funds into financial institutions to bolster their capital bases. The bank recapitalization bill cleared the lower house by a majority vote of the Liberal Democratic Party and its ruling coalition partner, the New Komeito party.

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Kiyo Bank to seek 20 to 30 bil. yen in public funds

WAKAYAMA, Japan - Phototaken on Aug. 22 shows the head office of Kiyo Bank, a regional bank based in Wakayama Prefecture, which is planning to apply for a public funds injection of 20 billion to 30 billion yen in September under the government's bank recapitalization program. Sources familiar with the matter said that Kiyo Bank, which will absorb Wakayama Bank on Oct. 10, intends to use the funds to shore up its capital and strengthen investment related to information technology.

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Howa Bank seeking public funds for recapitalization

OITA, Japan - Business looks as usual on April 28 at Howa Bank, a second-tier regional bank based in Oita Prefecture, after it said it is considering applying to the Financial Services Agency for the injection of public funds to strengthen its depleted capital.

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(3)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta (seated 2nd from R) speaks at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization. Katsuta said the group's top management, including himself, will step down en masse to take responsibility for the management mishap.

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(1)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta bows in a gesture of apology at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization. Japan's fifth-largest banking group in terms of assets faces a capital shortage in closing books for the year ended March 31.

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(4)Resona Holdings to seek public funds

TOKYO, Japan - Prime Minister Junichiro Koizumi waves at journalists as he walks into his office to preside over a weekend meeting hurriedly called to discuss a decision by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization.

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(2)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta bites his lips at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization.

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(5)Resona Holdings to seek public funds

TOKYO, Japan - Financial Services Minister Heizo Takenaka speaks at a news conference on May 17 on a decision taken earlier in the day by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization.

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(6)Resona Holdings to seek public funds

TOKYO, Japan - Bank of Japan Governor Toshihiko Fukui arrives at the prime minister's office on May 17 to attend a weekend meeting called to discuss a decision by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization.

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Mizuho shareholders attend meeting on recapitalization plan

TOKYO, Japan - Shareholders of Mizuho Holdings Inc. wait in line in Tokyo on Feb. 5 ahead of an extraordinary shareholders meeting on raising the ceiling of preferred share issues -- a measure needed to bolster the capital by 1 trillion yen to accelerate disposal of bad loans.

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Howa Bank seeking public funds for recapitalization

OITA, Japan - Business looks as usual on April 28 at Howa Bank, a second-tier regional bank based in Oita Prefecture, after it said it is considering applying to the Financial Services Agency for the injection of public funds to strengthen its depleted capital. (Kyodo)

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Kiyo Bank to seek 20 to 30 bil. yen in public funds

WAKAYAMA, Japan - Phototaken on Aug. 22 shows the head office of Kiyo Bank, a regional bank based in Wakayama Prefecture, which is planning to apply for a public funds injection of 20 billion to 30 billion yen in September under the government's bank recapitalization program. Sources familiar with the matter said that Kiyo Bank, which will absorb Wakayama Bank on Oct. 10, intends to use the funds to shore up its capital and strengthen investment related to information technology. (Kyodo)

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Bank recapitalization bill clears lower house plenary session

TOKYO, Japan - Members of the House of Representatives, at its plenary session on Nov. 6, pass a bill to inject public funds into financial institutions to bolster their capital bases. The bank recapitalization bill cleared the lower house by a majority vote of the Liberal Democratic Party and its ruling coalition partner, the New Komeito party. (Kyodo)

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(2)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta bites his lips at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization. (Kyodo)

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(5)Resona Holdings to seek public funds

TOKYO, Japan - Financial Services Minister Heizo Takenaka speaks at a news conference on May 17 on a decision taken earlier in the day by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization. (Kyodo)

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(6)Resona Holdings to seek public funds

TOKYO, Japan - Bank of Japan Governor Toshihiko Fukui arrives at the prime minister's office on May 17 to attend a weekend meeting called to discuss a decision by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization. (Kyodo)

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(7)Resona Holdings to seek public funds

TOKYO, Japan - An undated file photo shows Kenji Kawada, named as successor to Resona Holdings Inc. President Yasuhisa Katsuta, who on May 17 announced his intention to resign after Japan's fifth-largest banking group decided to seek a fresh injection of public funds for recapitalization. (Kyodo)

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(4)Resona Holdings to seek public funds

TOKYO, Japan - Prime Minister Junichiro Koizumi waves at journalists as he walks into his office to preside over a weekend meeting hurriedly called to discuss a decision by Resona Holdings Inc. to seek a fresh injection of public funds for recapitalization. (Kyodo)

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(3)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta (seated 2nd from R) speaks at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization. Katsuta said the group's top management, including himself, will step down en masse to take responsibility for the management mishap. (Kyodo)

E

(1)Resona Holdings to seek public funds

TOKYO, Japan - Resona Holdings Inc. President Yasuhisa Katsuta bows in a gesture of apology at a news conference in Tokyo on May 17 after his ailing banking group decided to seek a fresh injection of public funds for recapitalization. Japan's fifth-largest banking group in terms of assets faces a capital shortage in closing books for the year ended March 31. (Kyodo)

E

Mizuho shareholders attend meeting on recapitalization plan

TOKYO, Japan - Shareholders of Mizuho Holdings Inc. wait in line in Tokyo on Feb. 5 ahead of an extraordinary shareholders meeting on raising the ceiling of preferred share issues -- a measure needed to bolster the capital by 1 trillion yen to accelerate disposal of bad loans. (Kyodo)