Business / Corporate 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 ...