TOKYO (AP) — Executives at a leading Japanese bank apologized and took pay cuts on Thursday after police arrested an employee ...

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ ...

TOKYO (AP) — 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 ...

Former MUFG Bank employee Yukari Imamura is transferred from the Metropolitan Police Department's Nerima Police Station in Tokyo's Nerima Ward on Jan. 15, 2025. (Mainichi/Kaho Kitayama) TOKYO -- A ...

The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a series of alleged thefts by a former employee. President and CEO Hanzawa ...

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 ...

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They then sold valuable securities in the accounts for cash and transferred the money into the fraudulent accounts at the banks--five accounts at Japan Post Bank and one at MUFG Bank.