BANKING
From Times Staff and Wire Reports
Head of Japan Bank Resigns: The chairman of Industrial Bank of Japan resigned to take responsibility for the bank’s dealings with a restaurateur charged with using fraud to obtain billions of dollars in loans. Kaneo Nakamura, 68, stepped down as the leader of the prestigious long-term credit bank but will remain as an adviser, a spokesman said. Nakamura’s resignation is the latest in a series by top officials since last summer, when scandals began rocking Japan’s financial world.
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