11. On Friday, the bank denied media reports that its debts far exceed assets. 12. The drop came a day after LTCB issued a statement denying recent media reports that its debts far exceed assets, which would make the bank effectively insolvent. 13. The move to save Hyundai Engineering raised questions about the credibility of the government, which has repeatedly promised to liquidate any firm whose debts exceed equity. 14. The move to save Hyundai Engineering raised questions about the credibility of a repeated government promise to liquidate any firm whose debts exceed its equity. 15. The reports said government regulators have determined that the bank was hiding the size of its problems and that its debts exceed its assets. 16. Debts would likely exceed assets by several billion yen at the end of this fiscal year in March unless the firm sells the Seiko Epson shares, it said. 17. The treaty states that if the debt of a country seeking to qualify exceeds the limit, it must be on sustainably downward trend and be approaching the target. |