Mizuho Financial Group Inc. Chief Executive Officer Takashi Tsukamoto apologized to shareholders for a computer systems failure at its retail banking unit that delayed transactions following a record earthquake in March.
Mizuho Financial Group Inc.’s President Yasuhiro Sato will give up six months of pay for failing to stop loans made to criminal groups as Japan’s third- biggest bank awaits further penalties from regulators.
Mizuho Financial Group Inc.’s investigators said a probe into loans made to gangsters uncovered a failure in internal controls rather than efforts by Japan’s third-largest bank to deliberately mislead regulators.
Mizuho Financial Group Inc. cut pay for President Yasuhiro Sato and said the chairman of its lending unit will step down after Japan’s third-biggest bank by market value failed to address loans made to crime groups.
Mizuho Financial Group Inc. may cut pay and add new board members to mollify investors, lawmakers and regulators after failing to end loans to crime groups in the biggest scandal of President Yasuhiro Sato’s two-year tenure.