Business / Corporate Oct 28, 2013

Insurers' loan screening falls short

Three life and five nonlife insurers regularly extend loans via nonbank lenders without screening the borrowers themselves, sources said. The five nonlife insurers left the screening to the consumer lenders, while the three life insurers failed to screen most of the borrowers after the nonbank ...

Business / Corporate Oct 12, 2013

Mizuho Bank faces more FSA penalties over yakuza loans

The Financial Services Agency will weigh additional penalties against Mizuho Bank after it explains later this month its failure to reveal executives' involvement in loans to underworld groups, officials of the watchdog said. Mizuho, one of the nation's biggest banks, may face criminal prosecution if ...