OSAKA -- Resona Holdings Inc. shareholders were split Friday into those who excused the banking group for being bailed out with taxpayers' cash and those who demanded former executives take further responsibility.
Resona Holdings President Kenji Kawada apologized to shareholders for a forecast that, like last year, the soon-to-be-nationalized banking group will be unable to make dividend payments in the current fiscal year.
"Every year for the last five years, management promised things were about to get better," said one shareholder during the meeting at the group's headquarters in Osaka's Chuo Ward.