Japan closed one large insolvent bank, in the northern island of Hokkaido, late last year.

Second, can we continue to advise the Japanese to close their insolvent banks?

Although 16 insolvent banks were closed, one of the President's sons was allowed to reopen his own bank under a different name.

At that point, regulators decided the best course would be to take over the insolvent banks and try to sell them.

The insolvent bank was opened only to prepare it for liquidation.

Over the past two years, it has cost the agency about 30 cents on the dollar (of assets) to close insolvent banks.

The Bank's terms prohibit it from providing emergency facilities to an insolvent bank.

Here the essential purpose is to pay compensation to those entitled to deposits in an insolvent bank.

Government officials have not specified whether they intend to allow insolvent banks to fail.

The largest insolvent bank is Goldome, which has nearly $10.3 billion of assets.