News Summary: Japan bank mulls cleanupOctober 25, 2013 @ 10:10 am
(AP) - TAINTED LOANS: Japanese regulators are looking into allegations the country's second largest megabank, Mizuho Bank, lent more than 200 million yen ($2 million) to people with links to organized crime
SHAKEUP REPORTS: The bank on Friday denied news reports, saying its chairman would step down and president lose months of pay as penalties meted out to some 30 Mizuho executives for failing to comply with laws against lending to "anti-social forces," a byword in Japan for criminal gangs.
LOOMING DEADLINE: Mizuho faces a deadline Monday to submit plans to regulators for improving its lending business.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Danny O'Neil says a Seahawks' win would mean a changing of the guard
The Holiday Map
Find lights, Santa photos, tree farms, and seasonal events with our holiday map
Week in Photos
Mandela mourning, big cats, and funny women make it in this week's photos
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.