Cosmo bailout highlights Japan's bad-loan problem
Tags: COSMO Credit Corp.
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- Japanese taxpayers rescue credit union. // Hudson Valley Business Journal;9/4/95, Vol. 6 Issue 35, p41
Reports that Japanese regulators announced a plan for cleaning up the collapse of Cosmo Credit Corp. and a loan to be footed by Tokyo taxpayers.
- Japanese bank crisis haunts trade group. // American Banker;9/11/1995, Vol. 160 Issue 174, p16
Reports on the Japanese institutions Kizu Credit Corp. and Cosmo Credit Corp. that have been called credit unions in the United States media. Industry trade group representatives' fear of consumers' nonrecognition of the differences; Credit society or credit cooperative as more appropriate names...
- Meltdown in Tokyo? Morris, Kathleen // FW;9/26/95, Vol. 164 Issue 20, p22
Comments on the liquidation of Cosmo, a Tokyo-based credit union by regulators as well as the closing of Hyogo Bank and Kizu Credit, Japan's largest thrift. Why the system is stable and the problems are manageable; The real headache caused by the seven housing loan companies, or `jusen';...


