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Mizuho's top executives to resign over system failures

Group CEO Tatsufumi Sakai and Chairman Yasuhiro Sato, as well as the head of the main banking unit and executives in charge of the group's systems and compliance, will step down by April. ....

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EDITORIAL: Mizuho needs a management makeover to restore trust | The Asahi Shimbun: Breaking News, Japan News and Analysis

The president of Mizuho Financial Group Inc. and the head of subsidiary Mizuho Bank are stepping down to take responsibility after the holding company and the bank were slapped with a business improvement order from the Financial Services Agency on Nov. 26. ....

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Cost-cutting measures by executives to blame for Mizuho glitches, financial watchdog says

The glitches were caused by a reduction in the number of related personnel, which ultimately weakened Mizuho's ability to operate and manage its banking system. ....

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Huge hurdles ahead for the Mizuho Financial Group | The Asahi Shimbun: Breaking News, Japan News and Analysis

The Mizuho Financial Group Inc. and Mizuho Bank Ltd. announced Nov. 26 that their three top executives would resign following a devastating Financial Services Agency investigation that faulted management for eight computer glitches at the megabank this year. ....

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