Ex-heads of failed Japan bank acquitted

Japan’s supreme court has acquitted three former executives of the now-defunct Long-Term Credit Bank of Japan, ending a long legal case involving an institution that became a symbol of the country’s banking crisis in the late 1990s. The court ruled that Katsunobu Onogi, the LTCB’s ex-president, and Yoshiharu Suzuki and Masami Suda, former deputy presidents, were not guilty of understating the bad loans owed by its non-bank affiliates.