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Japan to inspect more banks after loan scandal

LOS ANGELES (MarketWatch)
A Japanese regulator will inspect the country's three largest banks in the wake of a scandal over loans given by Mizuho Bank to crime syndicates, according to reports
The Financial Services Agency will focus on compliance and risk management at Mitsubishi UFJ Financial Group Inc. , Mizuho Bank's parent Mizuho Financial Group Inc.  and Sumitomo Mitsui Bank, a subsidiary of Sumitomo Mitsui Financial Group Inc
More than 30 executives at Mizuho Bank are facing punishment in connection with loans the bank extended to known members of organized crime organizations
Most of the loans were made by Mizuho Bank's consumer finance affiliate, Orient Corp

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geniopolis.net dijo...

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El Genio dijo...

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