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MUFG execs take pay cut
Japan bank executives take pay cuts after employee is accused of stealing from safe deposit boxes
Executives at a leading Japanese bank apologized and took pay cuts on Thursday after police arrested an employee who allegedly stole about 1.4 billion yen ($9 million) worth of valuables from customers’ safe deposit boxes.
MUFG Bank CEO, chairman to take pay cuts over safe deposit box theft
Mitsubishi UFJ Financial Group said its banking unit chief and other senior executives will take pay cuts to take responsibility for the theft of millions of dollars from customers’ safe deposit boxes.
MUFG execs take pay cut after safe deposit box incident
The bank is also strengthening its safe deposit box checks and procedures. Five senior executives of MUFG, including its board chairman and CEO, are taking up to a 30% pay cut for three months following an incident where an ex-employee stole from safe deposit boxes.
Bankers forced to take pay cuts after co-worker steals $9 million from safe deposit boxes
Yukari Iwamura was arrested after she allegedly stole valuables including gold bars from the safe deposit boxes of customers.
6h
Mizuho Bank stops accepting new safe-deposit customers
Japan's Mizuho Bank is no longer accepting new customers for its safe-deposit service. The move follows the arrest of an employee of another Japanese mega-bank over alleged massive theft from ...
3d
on MSN
Ex-MUFG banker accused of theft 'used foreign dealers to win big' on trading: sources
A former MUFG Bank employee accused of stealing valuables from customer safe deposit boxes reportedly admitted to using ...
ジャパンタイムズ
3d
MUFG Bank punishes execs over customer asset thefts
MUFG Bank announced Thursday it will punish executives, including President Junichi Hanzawa, for a former employee's alleged ...
3d
MUFG Bank head vows review of safe deposit services after thefts
The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a ...
Kyodo News on MSN
1d
Japan gov't-backed lender to fund major German telecom's 5G expansion
The Japan Bank for International Cooperation will provide up to 800 million euros ($822 million) in loans to a major German ...
ジャパンタイムズ
4d
Ex-MUFG Bank employee arrested over theft of 20 kg gold deposits
At least 60 clients have been victims of the safe deposit box thefts, with the total damage expected to exceed ¥1 billion.
5h
Rupee tracks Asian peers higher; volatility expectations at 17-month peak
The Indian rupee was boosted by gains in most regional currencies on Monday, while expectations of near-term volatility ...
14h
on MSN
Woman became owner of Rs 550000000 in few years from..., her secret that left everyone shocked was...
Here is a story of Yukari, an old lady from Japan, was tasked with managing the lockers across multiple branches, but ...
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