Major Japanese Bank Bails From UK for Y2Kgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
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[Reported in "Nekkei Weekly" 22 March, 1999]
Major Japanese Bank Bails From UK for Y2K
Dai-Ichi Kangyo Bank, one of Japan's largest banks, has announced they will shut down their London computer systems that process all of their European transactions by 1 April, 1999. The bank's European and U.S. operations will be centralized in New York using a $2 million hardware upgrade. The bank cited y2k conversion costs as the reason for the move.
Dai-Ichi Kangyo Bank is ranked #1 in Japan... for nonperforming loans - ~ $20 billion
-- a (email@example.com), March 25, 1999