Japan s financial authorities ordered Mizuho Bank and its parent Mizuho Financial Group Inc. Friday to improve their operations and clarify management s responsibility for a series of system failures this year.
As lenders increasingly nudge their customers toward online services, the resilience and reliability of those services are looking increasingly suspect.
Japan's financial authorities on Friday ordered Mizuho Bank and its parent Mizuho Financial Group Inc to improve their operations and clarify management responsibility for a series of system failures, in punitive actions that prompted the major financial institution to replace top executives. The Financial Services Agency ordered them to implement…
Japan's finance ministry is set to take punitive action against the banking arm of Mizuho Financial Group over a lack of compliance with the country's foreign exchange law, the Nikkei business daily reported late on Wednesday.