FOCUS: Executives' Lack of Awareness behind Mizuho Glitches
Tokyo, Nov. 28 (Jiji Press)--A series of system failures at Mizuho Bank is the result of a lack of awareness on the part of executives over their responsibility for ensuring the stability of its banking system, Japanese regulators said.
The bank and its parent, Mizuho Financial Group Inc. <8411>, were issued a business improvement order by the Financial Services Agency on Friday, leading to the unprecedented resignations of three top executives.
(2021/11/28-10:30)
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