Japan’s banks and insurers, including Mitsubishi UFJ Financial Group Inc., announced a combined ¥245 billion of potential losses tied to the collapse of Lehman Brothers Holdings Inc.
Banks from Tokyo-based Mitsubishi UFJ, Japan’s largest, to Bank of the Ryukyus Ltd., a lender based in Okinawa, disclosed assets that might become worthless following Lehman’s filing for bankruptcy protection.
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