Japan's biggest consumer lender Takefuji files for bankruptcy

0 CommentsPrint E-mail Xinhua, September 29, 2010
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Takefuji Corp. President Junichi Yoshida (2nd L), flanked by the company exectives, speaks at a news conference in Tokyo September 28, 2010. Takefuji Corp said it filed for bankruptcy on Tuesday owing $5.1 billion, making it the biggest Japanese consumer lender to fail since a court ruling in 2006 forced the industry to repay borrowers for excessive interest charges. [Xinhua/Reuters]



 

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