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Resona Holdings

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In early 2003 the Resona Group's capital adequacy ratio fell dangerously low. The bank had proposed to maintain its capital adequacy ratio above the legal limit by factoring in deferred tax assets. However, the value of these deferred assets could only be claimed if the company turned a profit in the
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is credited with leading the bank's revival following the 2003 bailout. Hosoya initially resisted taking the appointment to head Resona, saying in a news conference held on 30 May 2003, "I decided to accept the offer as I realized that stabilizing the financial system is the highest priority for the
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The Resona case threatened to cripple the entire country's financial system, since the other major banks were also counting on deferred tax assets to maintain their capital adequacy ratios. On 17 May 2003, the Japan government decided to inject 1.96 trillion yen in public funds into the Resona Group
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Resona introduced two new full-time employee career tracks in 2015: one "no overtime" track for employees seeking better work-life balance, and another track for employees who wish to remain in a single position for their entire career. These policies were unique among Japanese banks at the time of
793:, in December 2001 to serve as the parent entity of Daiwa, Kinki Osaka Bank and Nara Bank. Later that month, Daiwa announced that Asahi Bank would be acquired by Daiwa Bank Holdings in a share swap transaction, forming the fifth-largest banking group in Japan. The company was renamed 677:, lost $ 1.1 billion speculating in the bond market and was charged with forgery and falsification of bank records. The bank was criminally indicted in November 1995 and ordered to leave the U.S. market; in the wake of this incident, there were talks of a merger between Daiwa and 701:
was formed by a 9-bank merger in May 1945 to consolidate various savings banks that served Japanese individuals around the end of World War II. During the immediate postwar era, rapid inflation threatened the bank's business. In 1948, it was converted to an ordinary bank named
838:(NPLs). In 2004, the company managed to turn a profit of ¥386 billion. As a result, Resona's management announced a plan to, over the next 10 years, return to the government ¥868 billion of the ¥3 trillion in public funds it has received. Hosoya died in November 2012. 810:
future. Because the bank's profit outlook was so dim, Resona's auditor refused to certify the company's financial statement if the deferred tax assets were included. Without being able to count the deferred tax assets, the bank was effectively insolvent.
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Daiwa and Asahi consolidated operations on 1 March 2003, with most of their assets combined to form Resona Bank. 100 Asahi Bank branches in Saitama and three branches in Tokyo were moved to a separate entity, Saitama Resona Bank.
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of the holding company, while the holdings of existing shareholders were greatly diluted. The existing management was sacked and a new management was installed.
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Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
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through Resona Bank. This move, through the share exchange agreement between the bank and the holding company, effectively
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Content in this edit is translated from the existing Japanese Knowledge article at ]; see its history for attribution.
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in 1948. It was one of the only major banks that offered both banking and trust services during the postwar era.
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Receipt of Subscription Payments for New Common and Preferred Shares(Capital Increase with Public Funds)
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the bank, since the government emerged as the company's majority shareholder, holding 68.25% of
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Saitama Resona Bank headquarters (former Saitama Bank headquarters) in Urawa-ku, Saitama, Japan
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Resona Bank headquarters (former Daiwa Bank headquarters) in Chuo-ku, Osaka, Japan
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The references used may be made clearer with a different or consistent style of
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Announcement Regarding Change in Principal Shareholder of Resona Holdings, Inc
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was dissolved in the wake of World War II, and the bank was renamed to
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to the source of your translation. A model attribution edit summary is
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in 1918. This entity served as the financing arm of the Nomura
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to this template: there are already 1,136 articles in the
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Companies formerly listed on the London Stock Exchange
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as of 2012. It is headquartered in the Kiba area of
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The main operating entities of the group are 573: 545: 1141:Resona Holdings press release, 7 August 2003. 1076:"Daiwa, Asahi banks merge within Resona group" 921:"The Daiwa Bank, Limited: 82 Years of History" 747: 734: 721: 708: 694: 655:government in 1929, immediately following the 567: 539: 316:accompanying your translation by providing an 265:Click for important translation instructions. 257:expand this article with text translated from 1798: 1232: 673:In 1995, a New York-based Daiwa bond trader, 3007:Companies listed on the Tokyo Stock Exchange 972:"Sumitomo May Rescue Daiwa Bank With Merger" 2997:Financial services companies based in Tokyo 915: 913: 911: 882: 880: 878: 876: 862:Resona Trust & Banking Company, Limited 804: 73:Learn how and when to remove these messages 1805: 1791: 1239: 1225: 385: 651:in 1927 and became the main bank for the 358:Learn how and when to remove this message 228:Learn how and when to remove this message 170:Learn how and when to remove this message 908: 873: 525: 517: 27:Japanese holding company of Resona Group 1096: 14: 3012:Companies listed on the Osaka Exchange 2969: 1127:, Resona press release, 30 June 2003. 1022: 3032:Companies based in Saitama Prefecture 1786: 1220: 946:"An Unusual Path to Big-Time Trading" 886: 757:Asahi entered into merger talks with 580:, the fifth-largest banking group in 239: 181: 108:adding citations to reliable sources 79: 38: 3027:Government-owned companies of Japan 2992:Companies based in Osaka Prefecture 887:Hyuga, Takahiko (5 November 2012). 547:Kabushiki-gaisha Risona Hōrudingusu 24: 845: 600:, a smaller bank headquartered in 25: 3043: 1737:Sumitomo Realty & Development 1189: 1097:Fackler, Martin (6 August 2003). 54:This article has multiple issues. 3002:Holding companies based in Tokyo 1814: 1196: 780: 376: 244: 186: 84: 43: 1172: 1146: 1132: 1118: 95:needs additional citations for 62:or discuss these issues on the 2506:Sompo Japan Nipponkoa Holdings 2086:Hitachi Construction Machinery 1090: 1068: 1042: 1023:Dvorak, Phred (16 June 2000). 1016: 990: 964: 938: 326:You may also add the template 13: 1: 866: 859:The Kinki Osaka Bank, Limited 684: 624: 328:{{Translated|ja|りそなホールディングス}} 855:Saitama Resona Bank, Limited 455:; 106 years ago 7: 3022:Companies in the Nikkei 225 2336:Mitsubishi Heavy Industries 1597:Mitsubishi Heavy Industries 998:"Japan banks in 3-way deal" 574: 546: 298:will aid in categorization. 10: 3048: 619: 464:(as the Osaka Nomura Bank) 273:Machine translation, like 31: 2982:Banks established in 1918 2726:Sumitomo Mitsui Financial 2716:Sumitomo Heavy Industries 1831: 1419: 1391:Sumitomo Mitsui Financial 1258: 748: 735: 722: 709: 695: 629:Resona was formed as the 568: 540: 504: 492: 470: 449: 439: 421: 406: 396: 384: 375: 259:the corresponding article 2561:Oji Holdings Corporation 805:Post-merger developments 616:, which merged in 2003. 32:Not to be confused with 2461:Nippon Paper Industries 1104:The Wall Street Journal 1054:The Wall Street Journal 825:Former Resona Chairman 657:1929 stock market crash 604:which primarily serves 337:For more guidance, see 2321:Mitsubishi Corporation 1361:Seven & i Holdings 1316:Mitsubishi Corporation 1182:; retrieved 2011-07-18 1154:"りそな、残業なし正社員を導入 大手行で初" 771:Mizuho Financial Group 531: 523: 2736:Sumitomo Osaka Cement 2731:Sumitomo Mitsui Trust 2721:Sumitomo Metal Mining 1896:Bandai Namco Holdings 1732:Sumitomo Mitsui Trust 1727:Sumitomo Metal Mining 1467:Chugai Pharmaceutical 1452:Bandai Namco Holdings 1212:Resona Holdings, Inc. 1180:Major Group Companies 1078:. Kyodo. 1 March 2003 795:Resona Holdings, Inc. 535:Resona Holdings, Inc. 529: 521: 371:Resona Holdings, Inc. 339:Knowledge:Translation 310:copyright attribution 2831:Tokuyama Corporation 2706:Sumitomo Corporation 2471:Nissan Motor Company 2401:Murata Manufacturing 2346:Mitsubishi Materials 2341:Mitsubishi Logistics 1717:Sumitomo Corporation 1512:Japan Exchange Group 1442:Asahi Group Holdings 1158:Nihon Keizai Shimbun 851:Resona Bank, Limited 842:their introduction. 836:non-performing loans 787:bank holding company 715:. Kyowa merged with 104:improve this article 2326:Mitsubishi Electric 2316:Mitsubishi Chemical 1946:Concordia Financial 1672:Renesas Electronics 1587:Mitsubishi Electric 1582:Mitsubishi Chemical 1517:Japan Post Holdings 1029:Wall Street Journal 952:. 27 September 1995 797:on 1 October 2002. 791:Daiwa Bank Holdings 598:Saitama Resona Bank 510:www.resona-gr.co.jp 372: 2691:Subaru Corporation 2451:Nippon Light Metal 2136:J. Front Retailing 1647:Ono Pharmaceutical 1056:. 26 December 2001 950:The New York Times 730:Kyowa Saitama Bank 606:Saitama Prefecture 532: 524: 370: 318:interlanguage link 2964: 2963: 2951:Yokogawa Electric 2711:Sumitomo Electric 2701:Sumitomo Chemical 2351:Mitsubishi Motors 2331:Mitsubishi Estate 2286:Matsui Securities 2266:Kyowa Hakko Kirin 2116:Isetan-Mitsukoshi 2071:Heiwa Real Estate 2061:Furukawa Electric 2051:Fukuoka Financial 1780: 1779: 1722:Sumitomo Electric 1592:Mitsubishi Estate 1250:100 companies of 1178:Resona Holdings, 978:. 4 November 1995 976:Los Angeles Times 690:Japan Saving Bank 645:Nomura Securities 641:Tokushichi Nomura 631:Osaka Nomura Bank 516: 515: 368: 367: 360: 350: 349: 266: 238: 237: 230: 180: 179: 172: 154: 119:"Resona Holdings" 77: 16:(Redirected from 3039: 2941:Yamato Transport 2611:Sapporo Holdings 2376:Mitsumi Electric 2361:Mitsui Chemicals 1976:Daiwa Securities 1936:Citizen Holdings 1819: 1818: 1817: 1807: 1800: 1793: 1784: 1783: 1241: 1234: 1227: 1218: 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& Co 1881:Asahi Breweries 1827: 1815: 1813: 1811: 1781: 1776: 1415: 1326:Mitsui & Co 1254: 1245: 1202: 1197: 1195: 1192: 1187: 1186: 1177: 1173: 1163: 1161: 1152: 1151: 1147: 1137: 1133: 1123: 1119: 1109: 1107: 1095: 1091: 1081: 1079: 1074: 1073: 1069: 1059: 1057: 1048: 1047: 1043: 1033: 1031: 1021: 1017: 1007: 1005: 1004:. 13 March 2000 996: 995: 991: 981: 979: 970: 969: 965: 955: 953: 944: 943: 939: 929: 927: 923: 919: 918: 909: 899: 897: 885: 874: 869: 848: 846:Group companies 807: 785:Daiwa formed a 783: 745: 732: 719: 706: 692: 687: 627: 622: 565: 564:of Resona Group 562:holding company 541:株式会社りそなホールディングス 537: 508: 488: 482: 465: 459: 457: 454: 426: 402:株式会社りそなホールディングス 399: 392: 364: 353: 352: 351: 346: 345: 344: 327: 321: 295: 267: 249: 245: 234: 223: 217: 214: 203: 197:has an unclear 191: 187: 176: 165: 159: 156: 113: 111: 101: 89: 48: 44: 37: 28: 23: 22: 15: 12: 11: 5: 3045: 3035: 3034: 3029: 3024: 3019: 3014: 3009: 3004: 2999: 2994: 2989: 2987:Banks of Japan 2984: 2979: 2962: 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Resona Group 907: 894:Bloomberg News 871: 870: 868: 865: 864: 863: 860: 857: 852: 847: 844: 806: 803: 782: 779: 686: 683: 668:The Daiwa Bank 626: 623: 621: 618: 514: 513: 506: 502: 501: 496: 490: 489: 484: 474: 472: 468: 467: 451: 447: 446: 441: 437: 436: 427: 422: 419: 418: 408: 404: 403: 400: 397: 394: 393: 390: 382: 381: 366: 365: 348: 347: 343: 342: 335: 324: 302: 299: 287:adding a topic 282: 271: 268: 254: 253: 252: 250: 243: 236: 235: 199:citation style 194: 192: 185: 178: 177: 92: 90: 83: 78: 52: 51: 49: 42: 26: 9: 6: 4: 3: 2: 3044: 3033: 3030: 3028: 3025: 3023: 3020: 3018: 3015: 3013: 3010: 3008: 3005: 3003: 3000: 2998: 2995: 2993: 2990: 2988: 2985: 2983: 2980: 2978: 2975: 2974: 2972: 2957: 2954: 2952: 2949: 2947: 2944: 2942: 2939: 2937: 2934: 2932: 2929: 2927: 2924: 2922: 2919: 2917: 2914: 2912: 2909: 2907: 2906:Toyota Tsusho 2904: 2902: 2899: 2897: 2894: 2892: 2889: 2887: 2884: 2882: 2879: 2877: 2874: 2872: 2869: 2867: 2864: 2862: 2859: 2857: 2854: 2852: 2849: 2847: 2844: 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