(Update) Norinchukin Bank President to Resign over Huge Loss

   Tokyo, Feb. 20 (Jiji Press)--Norinchukin Bank said Thursday that its president, Kazuto Oku, will step down as of March 31 to take responsibility for the Japanese lender's massive losses on foreign bond investments.
   Managing Executive Officer Taro Kitabayashi, 54, will be promoted to president on April 1 to succeed Oku, 65.

(2025/02/20-18:28)