Japan lender Resona says to pay back debt to govt in 5 years
TOKYO May 10 (Reuters) - Resona Holdings Inc, Japan's fourth-largest lender by assets, said on Friday that it plans to pay off 870 billion yen ($8.76 billion) of debt owed to the Japanese government in five years, ending more than a decade-old bailout.
The lender received the bailout money in the late 1990s after the bursting of Japan's asset bubble, and when it was effectively nationalised under the weight of bad debts in 2003. ($1 = 99.3050 Japanese yen) (Reporting by Taiga Uranaka; Editing by Shinichi Saoshiro)
- Malaysia says no evidence missing plane flew hours after losing contact |
- Rescuers seek survivors of NY building collapse; seven dead
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |
- UPDATE 1-U.S. investigators suspect missing Malaysian plane flew for hours -WSJ