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Loans by Japan MTFG, SMBC to Enron may turn sour.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 3 Kyodo

Major Japanese banking groups Mitsubishi Tokyo Financial Group Inc. (MTFG) and Sumitomo Mitsui Banking Corp. (SMBC) separately said Monday some of their loans to failed U.S. energy giant Enron Corp. may become irrecoverable.

Enron and 13 of its subsidiaries filed for court protection from creditors...

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