Mar 25, 2015

Former senior Mizuho Bank employee arrested over fraud

Police arrest former senior Mizuho Bank employee Mikio Oikawa and two others on suspicion of defrauding a doctor out of ¥115 million, with authorities suspecting Oikawa may have also swindled dozens of others out of billions of yen.

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...

Jul 25, 2014

Mizuho to loan $500 million to Petrobras

Mizuho Bank plans to extend $500 million in loans to state-owned Brazilian oil firm Petrobras, informed sources said Friday. The move comes as Prime Minister Shinzo Abe leaves Friday for a five-nation Latin American tour that will include Brazil. Mizuho and Petrobras will sign ...

Dec 20, 2013

FSA plans more action against Mizuho

The Financial Services Agency will soon take additional punitive action against Mizuho Bank doing business with organized crime, FSA sources said Friday. The financial watchdog first ordered the bank in September to improve operations, saying it did not take “substantial steps” to prevent or ...

Mizuho has more loans to the mob

Nov 13, 2013

Mizuho has more loans to the mob

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Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Ya­su­hi­ro Sa­to tells the Diet.

Nov 12, 2013

Banks halt loan flow to unaffiliated credit firms

Banks are scaling back loans through unaffiliated consumer credit firms that are not allowed to access their databases of gangsters and other antisocial elements. The moves follow recent revelations that Mizuho Bank, a unit of Mizuho Financial Group Inc, had extended loans to gangsters ...

Nov 7, 2013

Consumer lenders group to build gangster database

The Japan Consumer Credit Association said Thursday that next spring it will build a database on antisocial forces, including “boryokudan” gangs, so that its member companies can use it to screen applicants for loans. The industry group aims to help small and midsize member ...