Saitama Bank

After a series of bank mergers and corporate restructuring, the Saitama Resona Bank (埼玉りそな銀行, Saitama risona ginkō) emerged as the leading bank in Saitama Prefecture.

Overseas branches included Singapore, London, New York, Hong Kong and Brussels.

[2] In 1990, the bank's financial instability was revealed.

Its directors were alleged to have mismanaged corporate assets and breached fiduciary duties by purchasing a large block of stock in a Japanese manufacturing company at what were grossly inflated prices.

[4] This was construed as triggering reorganization of Japan's banking industry.