(Update) MUFG Bank to Punish Execs over Customer Asset Thefts
Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank said Thursday that it has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe deposit boxes.
Hanzawa will take a 30 pct cut in monthly pay for three months. The core unit of Mitsubishi UFJ Financial Group Inc. will also reduce the remuneration of other executives including Chairman Naoki Hori.
(2025/01/16-16:10)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
02/18 19:49 (Update) Mizuho Admits Safe Deposit Thefts Occurred in 2019
-
02/18 13:54 Safe Deposit Box Thefts Found at Mizuho Bank
-
02/17 23:01 JR Tokai Unveils Disney-Themed Shinkansen Train
-
02/17 19:53 (Update) Bain Capital Drops Bid for Fuji Soft
-
02/17 14:44 Bain Capital Drops Bid for Fuji Soft
-
02/15 13:07 Kioxia Posts Record Net Profit in April-Dec.
-
02/14 22:42 JX Advanced Metals to Go Public on March 19
-
02/14 22:25 (Update) Rakuten Logs Net Loss for 6th Straight Year
-
02/14 20:26 4 Major Japanese Automakers Log Lower April-Dec. Profits
-
02/14 16:34 Rakuten Group Logs Net Loss for 6th Consecutive Year
-
02/13 23:50 Sony Group Raises Full-Year Forecasts to Record Highs
-
02/13 22:30 (Update 2) Honda-Nissan Merger Talks Fall Apart
-
02/13 20:29 Nissan Estimates Full-Year Net Loss of 80 B. Yen
-
02/13 19:03 TDK Develops Sake Taste Sensing System
-
02/13 18:52 Japan Electronics Unions Demand Wage Hike of 17,000 Yen
-
02/13 16:28 (Update) Honda, Nissan Terminate Merger Talks
-
02/13 15:37 Honda, Nissan Terminate Merger Talks
-
02/13 14:57 Mitsui, Others in Japan Invest in U.S. Synthetic Fuel Firm
-
02/12 19:09 SoftBank Group Posts 1st April-Dec. Profit in 3 Years
-
02/12 18:55 Hon Hai Chairman Denies Intention to Acquire Nissan
-
02/12 16:47 Idemitsu Kosan Names Sakai as New President