Wednesday 13 November 2013

Diet panel grills Mizuho Bank chief over gangster loans

Japanese lawmakers grilled Mizuho Bank President Yasuhiro Sato on Wednesday over the Mizuho Financial Group Inc.  unit's loans extended to gangsters in a tie-up with consumer credit affiliate Orient Corp. and the bank's failure to address the problem quickly.
"We humbly apologize and are now resolved to take measures to thoroughly shut out antisocial forces," Sato said at a meeting of the Financial Affairs Committee of the House of Representatives, the lower chamber of the Diet.

Source: NewsOnJapan

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