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(Update 2) MUFG Bank Cuts Executive Pay over Customer Asset Thefts

(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.

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AFP-JIJI PRESS NEWS JOURNAL


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