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May 03, 2024
 

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MIZUHO

Japan Times
BUSINESS / Companies
Oct 31, 2013
Regional banks shun Mizuho over scandal
At least seven of the nation's 14 regional banks tied up with Mizuho Financial Group Inc.'s credit company, Orient Corp., will stop doing business with it due to the scandal over Orient's loans to the underworld, according to bank officials.
EDITORIALS
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.
BUSINESS / Companies / ANALYSIS
Oct 29, 2013
Shady loans have long history; laws slow to catch up
Mizuho Bank's loans to yakuza and other shady individuals through its group credit company Orient Corp. may be just the tip of the iceberg as corporate Japan struggles to break off its long-held ties with organized crime.
Japan Times
JAPAN / Crime & Legal
Oct 28, 2013
Mizuho offers denials as heads roll over mob loans
Mizuho Bank announces it will punish 54 present and former executives for lending money to organized crime groups but denies it colluded with yakuza.
BUSINESS / Companies
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.
BUSINESS
Oct 20, 2013
Mizuho to up scrutiny to prevent mob loans
To ensure that no more loans are made to organized crime groups, Mizuho Bank is considering setting up a special organization and bringing in an outside board member to strengthen supervision, sources said Sunday.
BUSINESS / Companies
Oct 17, 2013
Mizuho reported to FSA about shady loans without sufficient probe
A former Mizuho Bank vice president in charge of compliance matters said Thursday the bank submitted to Japan's financial watchdog a false report on its lending to people related to underworld groups without interviewing him.
EDITORIALS
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.
BUSINESS / Companies
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.
BUSINESS / Companies
Oct 9, 2013
Mizuho told to submit further report on loans to yakuza
The Financial Services Agency issues a fresh order to Mizuho Bank and its parent, Mizuho Financial Group Inc., to report on the bank's lending to the mob, after Mizuho's previous account of the matter turned out to be incorrect.
BUSINESS / Companies
Oct 5, 2013
Mizuho set to punish president, chairman over loans to mobsters
Mizuho Bank is expected to take punitive steps against its president and chairman for mishandling a scandal over loans extended to underworld groups.
JAPAN / Media / DARK SIDE OF THE RISING SUN
Oct 5, 2013
Has business blackballed the yakuza? Don't bank on it
The Financial Services Agency (FSA) publicly spanked Mizuho Bank last month by slapping it with a "business improvement order" for letting Japan's organized crime groups use its facilities. At least $2 million in illegal transactions were cited.
Japan Times
BUSINESS / Companies
Oct 5, 2013
Mizuho admits four execs knew of yakuza loans
Mizuho Bank has admitted that at least four of its executives, including two former deputy presidents, knew that it was lending money to underworld and other "antisocial" groups and that it neither stopped nor sought to hold management responsible.
Japan Times
JAPAN / Politics
Jul 25, 2013
SDP's Fukushima resigns over dual election losses
Mizuho Fukushima, head of the Social Democratic Party for nearly a decade, resigned Thursday to take responsibility for the party's losses in Sunday's Upper House election and the Lower House election in December.
BUSINESS / Companies
Jul 12, 2013
Cerberus needs cooperation of Mizuho for next Seibu tack: Gomi
Cerberus Capital Management LP, the biggest shareholder of Seibu Holdings Inc., should approach Mizuho Financial Group Inc. to help it narrow its differences with the hotel operator, said Hirofumi Gomi, a former candidate for the Seibu board.
BUSINESS / Companies
Jul 2, 2013
Mizuho banks merge, become No. 2
Two core banking units of Mizuho Financial Group Inc. merged Monday as part of a group reorganization, creating the second-largest commercial bank in Japan after Bank of Tokyo-Mitsubishi UFJ.
Japan Times
BUSINESS / Companies
Jun 28, 2013
Mizuho Bank inaccessible this weekend
Bank account holders of Mizuho Bank Ltd. may wish to withdraw some cash for the weekend before the firm's online services, including ATMs, are halted right after midnight Friday.
BUSINESS / Markets
Jun 27, 2013
Three top banks to bump up mortgage rates in July
Three major banks are considering hiking their housing loan rates more in July as record-low long-term interest rates continue to edge up, sources said.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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