Core Insights - Norinchukin Bank is facing significant financial exposure due to its involvement in the bankruptcy of First Brands Group, with a reported risk exposure of $1.75 billion [1] - First Brands Group filed for bankruptcy with liabilities estimated between $10 billion and $50 billion, raising concerns about missing funds amounting to $2.3 billion [2] Group 1 - Norinchukin Bank and its joint venture Katsumi have a risk exposure of $1.75 billion related to First Brands Group's bankruptcy, making it the largest disclosed creditor [1] - Katsumi held approximately 210,000 unpaid receivables valued at around $1.75 billion at the time of First Brands Group's bankruptcy filing [1] - The bankruptcy case has attracted attention from Wall Street and U.S. judicial authorities due to concerns over "missing funds" [1] Group 2 - Raistone has accused First Brands Group of a disappearance of $2.3 billion during its sudden collapse [2] - First Brands Group's lawyers admitted that approximately $2 billion raised through factoring is unaccounted for, with only $12 million remaining in the bank [2] - The U.S. Attorney's Office for the Southern District of New York has initiated an investigation into the bankruptcy case, although this does not guarantee formal charges [2] Group 3 - Earlier in the year, Norinchukin Bank reported a massive loss of ¥1.8 trillion (approximately $12.6 billion) due to large-scale sales of U.S. Treasury and overseas bonds [2] - The bank also indicated an unrealized loss of ¥1.24 trillion on its bond holdings [2]