Sep 16, 2016

Mizuho, SoftBank partner on AI-based consumer lending venture

Mizuho Bank and SoftBank Group Corp. have agreed to set up a 50-50 joint company to provide unsecured consumer loans via artificial intelligence technology. Using customers' business histories at both firms for the credit-screening process, the venture will provide an innovative, attractive, low-cost loan service ...

/ 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 break ...

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.

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 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 Mizuho ...

Oct 15, 2013

Get to the bottom of shady loans

The inability of Japan's third-largest bank to break the habit of approving car loans for yakuza reflects poor corporate governance and besmirches the reputation of the financial industry.