Japan Regional Lender Jimoto Holdings to Exit Govt Control
Sendai, Miyagi Pref., April 25 (Jiji Press)--Japanese regional banking group Jimoto Holdings Inc. decided Friday to resume dividend payments on preferred shares it issued to the government in exchange for public funds, signaling its exit from government control.
Kirayaka Bank, now under Jimoto Holdings, received public funds in 2009 under the financial function reinforcement law, following the 2008 collapse of U.S. investment bank Lehman Brothers.
(2025/04/25-21:31)
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