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Japan Post Bank to scrap its cashless payment service over security flaws

Japan Post Bank to scrap its cashless payment service over security flaws Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Japan Post Bank President Norito Ikeda speaks during a news conference in Tokyo on Friday. | KYODO Jiji Jan 9, 2021 Japan Post Bank will scrap its cashless payment card service due to major security flaws and launch a new service around spring 2022, its President Norito Ikeda said Friday. Ikeda also announced that he will voluntarily return 10% of his monthly pay for three months to take responsibility for fraudulent transfers of customer deposits using the service, known as mijica.

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Consumer Credit Market to Watch: Spotlight on Barclays, BNP Paribas, HSBC, Wells Fargo, Deutsche Bank

Consumer Credit Market to Watch: Spotlight on Barclays, BNP Paribas, HSBC, Wells Fargo, Deutsche Bank
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Japan Post Insurer Plans $2 9 Billion Buyback From Parent

Japan Post Insurer Plans $2.9 Billion Buyback From Parent Bloomberg 12/17/2020 Taro Fuse and Taiga Uranaka © Bloomberg Signage for Japan Post Group is displayed in Tokyo, Japan, on Thursday, Jan. 9, 2020. Japan Post Holdings Co.’s new chief executive officer Hiroya Masuda vowed to restore the group’s reputation and said it’s too soon to think about growing the business after an insurance scandal brought down his predecessor. (Bloomberg) Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter.

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Japan Post s Insurance Unit Plans $2 9 Billion Buyback of Shares from Parent

Japan Post’s Insurance Unit Plans $2.9 Billion Buyback of Shares from Parent By Taro Fuse and Taiga Uranaka | December 17, 2020 Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding company, which owns about 64% of Japan Post Insurance Co., will sell some shares to shrink its stake to 50% or less, the people said, asking not to be identified because they’re not authorized to discuss the deal before it’s announced. The insurer’s shares jumped.

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Japan Post insurer plans $2 9 billion buyback to cut owner stake

Japan Post insurer plans $2.9 billion buyback to cut owner stake Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Japan Post Insurance is seeking to rebuild its business after a sales scandal last year ended with the resignation of senior management and a regulatory penalty. | BLOOMBERG Bloomberg Dec 16, 2020 Japan Post Holdings Co.’s insurance unit plans to buy back about ¥300 billion ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter.

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