Mizuho Bank increases risky credit in competitive market

Business Oct 16, 2019

Mizuho Bank increases risky credit in competitive market

Mizuho Financial Group Inc. is extending riskier types of corporate credit to fend off competition in a country that's awash with easy money. Japan's third-largest bank by market value will offer companies more subordinated loans and other types of mezzanine finance, said Koji Fujiwara, CEO ...

Business Jun 17, 2019

'New' loan sharks increasing on social media, Japan panel says

The rise of illegal financing by unregistered lenders through social media, including Twitter, was a point of discussion at a Financial Services Agency panel meeting Monday. The FSA plans to respond to this new breed of loan sharks, in cooperation with the National Police Agency ...

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 ...