Mizuho Bank Faces Suspension Of Some Affiliated Loans – ValueWalk Premium

Mizuho Bank Faces Suspension Of Some Affiliated Loans

On Thursday, Japan’s FSA ordered Mizuho Bank to suspend some of its lending business with consumer credit companies, following a scandal involving organized crime syndicates.

Later reports also reveal chairman of Mizuho Financial Group Inc. (NYSE:MFG) (TYO:8411) Takashi Tsukamoto resigned following the regulator’s penalty.
$2 million transactions with criminal groups
One of Japan’s three biggest banks, Mizuho Bank

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