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Business Aug 11, 2018

Higashi-Nippon Bank's chairman to resign over lending scandal

Higashi-Nippon Bank announced Friday that Chairman Michito Ishii will step down at the end of the month over its involvement in improper lending practices. Many improper loans were extended between 2015 and 2017, when Ishii, 66, was president of the regional bank. Ishii, a former commissioner ...

Business / Corporate Aug 10, 2018

Lawson to start banking business in October

Convenience store chain Lawson Inc. said Friday it will launch a banking business in October using its existing network of more than 13,000 automated teller machines nationwide. Its subsidiary Lawson Bank earned a license to start the business from the Financial Services Agency the same ...

Russia and China block U.S. additions to U.N. sanctions

World Aug 10, 2018

Russia and China block U.S. additions to U.N. sanctions

Russia and China on Thursday blocked a U.S. request to add a Russian bank to a U.N. sanctions blacklist along with a North Korean official and two entities, diplomats said. The United States last week asked a U.N. sanctions committee to slap an assets freeze ...