March 24, 2017 / 12:55 AM / 4 months ago

Toshiba's main banks ask for Westinghouse bankruptcy filing this month -Nikkei

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TOKYO, March 24 (Reuters) - Toshiba Corp's main lenders are asking Toshiba to submit a bankruptcy filing for its U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources.

Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd have asked that Westinghouse file for Chapter 11 so that future losses from cost overruns at two U.S. projects can be contained, the paper said.

Earlier this month Japan's Finance Minister Taro Aso said Westinghouse needs to decide by the end of the month whether to file for Chapter 11 so Toshiba can compile audited third-quarter earnings without further delays.

Reporting by Junko Fujita; Editing by Edwina Gibbs

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