Mizuho chief tells Diet bank will clean up act

Business / Corporate Nov 21, 2013

Mizuho chief tells Diet bank will clean up act

Mizuho Bank President Yasuhiro Sato said Thursday at the Diet that the lender will call on more outside experts to improve its legal compliance since its established practice of lending to gangsters came to light. Sato offered unsworn testimony before the House of Councilors Committee ...

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 ...