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

by Tomoko Otake

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 ...

Oct 30, 2013

Mizuho's grave governance problem

A third-party panel of lawyers has effectively labeled Mizuho Bank's inaction on its loans to underworld customers as a failure of governance and the result of major system problems since 2011.

Oct 29, 2013

Japan to probe mega-banks after mob loan scandal

The Financial Services Agency said it will probe Japan’s three biggest banks following the loans-to-mobsters scandal that has raised questions about corporate links with organized crime. The watchdog will look at Mizuho Bank’s business dealings as well as Bank of Tokyo-Mitsubishi UFJ and Sumitomo ...

Oct 25, 2013

Mizuho president to lose half-year pay over shady loans

Mizuho Bank President Yasuhiro Sato will be docked six months of salary over the bank’s lending to people related to organized crime groups, company officials said Friday. Mizuho Bank Chairman Takashi Tsukamoto, Sato’s predecessor, will step down and Satoru Nishibori, who was president when ...