May 17, 2024
Loans

Aozora Bank Shares Tumble on U.S. Office-Loan Provisions, Foreign-Bond Losses

Published: Jan. 31, 2024 at 9:39 p.m. ET By Kosaku Narioka Aozora Bank shares fell sharply after it projected a fiscal-year net loss due to higher provisions for U.S. office loans as well as losses from foreign bonds. Shares were recently 21% lower at 2,557.0 yen, falling to the day’s trading limit on Thursday morning.

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