Banks waive US$13b of debt

PUBLISHED : Saturday, 15 April, 2000, 12:00am
UPDATED : Saturday, 15 April, 2000, 12:00am

Tokyo: Japan's 17 leading banks abandoned more than US$13 billion in lending to collapsed and troubled firms in the year to last month, as the number of corporate failures increased, according to a report. Banks are also helping troubled borrowers restructure their business.