Aozora Bank Ltd

Japan’s Aozora Bank shares hit near 3-year lows on U.S. commercial property losses

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Japan’s Aozora Bank shares hit near 3-year lows on U.S. commercial property losses

The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over global banks’ exposure to souring real estate bets. Akio Kon … Read more

Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

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Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure … Read more