(Update 2) MUFG Bank Cuts Executive Pay over Customer Asset Thefts
Tokyo, Jan. 16 (Jiji Press)--MUFG Bank said Thursday that it will cut compensation for President and CEO Junichi Hanzawa and four other executives over a former employee's alleged massive thefts of customer assets from safe deposit boxes.
Hanzawa and Chairman Naoki Hori will take a 30 pct cut in monthly pay for three months.
(2025/01/16-22:14)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
01/17 10:45 MUFG Bank Pledges to Regain Trust after Customer Asset Thefts - 01/17 10:08 Nintendo Switch 2 to Be Released in 2025
-
01/17 01:30 Japan's Beer, Quasi-Beer Sales Fall 3 Pct in 2024 - 01/16 22:14 (Update 2) MUFG Bank Cuts Executive Pay over Customer Asset Thefts
- 01/16 18:57 Open House to Raise Starting Monthly Salary to 360,000 Yen
- 01/16 17:40 Funai Electric Parent Allowed to Start Bankruptcy Procedures
- 01/16 16:10 (Update) MUFG Bank to Punish Execs over Customer Asset Thefts
- 01/16 15:11 Japan's MUFG Bank to Punish Execs over Customer Asset Thefts
- 01/16 12:20 Hino Motors Settles with U.S. Authorities over Scandal
- 01/16 08:57 Fuji TV Probing Nakai Scandal with Outside Lawyer
- 01/15 23:15 Honda to Build Luxury Electric SUV in Ohio
- 01/15 22:56 Lawson, FamilyMart Enjoy Net Profit Growth in March-Nov.
- 01/15 19:18 Japanese Startup Launches Lunar Lander in 2nd Attempt
- 01/15 15:57 U.S. Shareholder Urges Fuji Media to Probe Nakai Scandal
- 01/15 15:26 Suzuki Motor Eyeing Cow Feces for Biogas Fuel in India
- 01/15 13:17 Aeon Financial Chief Resigns over Biz Improvement Order
- 01/14 20:23 (Update) Toyota Remains World's Biggest Auto Seller for 5th Year
- 01/14 19:59 Toyota Remains World's Biggest Auto Seller for 5th Year
- 01/14 19:08 Realtors Offer Healthy Options for Office Workers of Tenant Firms
- 01/14 18:22 Nippon Steel Opposes Cleveland-Cliffs' Bid for U.S. Steel
- 01/14 17:30 Japan Biz Failures Top 10,000 in 2024, Worst in 11 Years
- 01/14 17:13 Minivehicles, Compact Cars Likely to Remain Popular in 2025
- 01/14 12:16 Tokio Marine to Appoint Koike as New President
- 01/12 20:23 U.S. Extends Deadline for Nippon Steel to Drop U.S. Steel Bid
- 01/11 16:05 Honda Civic Hybrid Named North American Car of Year
- 01/11 01:28 U.S. Fund Apollo May Invest 1.5 T. Yen in Seven & i
- 01/10 22:25 Tokio Marine to Raise Starting Pay to Up to 410,000 Yen
