Executives at a leading Japanese bank took pay cuts after the arrest of an employee who allegedly stole approximately 1.4 billion yen in valuables from customers' safe deposit boxes. The thefts, occurring over four years across two branches of MUFG Bank,

Japanese megabank MUFG Bank issued an apology on January 14 in response to the arrest of a former employee who stole

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.

A former MUFG Bank employee accused of stealing valuables from customer safe deposit boxes reportedly admitted to using overseas trading plat･･･

TOKYO (AP) — Executives at a leading Japanese bank apologized ... 4 billion yen ($9 million) worth of valuables from customers’ safe deposit boxes. The thefts at two branches of MUFG Bank ...

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 ...

Tokyo police have arrested a former employee of MUFG Bank for allegedly stealing gold bullion worth 260 million yen, or more than 1.6-million dollars. She is suspected of taking the precious metal from customers' safe-deposit boxes.

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Mitsubishi UFJ Financial Group, known as MUFG, is Japan’s largest banking group, with 8.0% share of domestic loans and 11.6% of deposits as of March 2024. It was also the most global among Japanese banks in terms of the contribution of overseas operations to profits and balance sheet,

Sumitomo Mitsui Financial Group, with a 7.2% share of domestic loans and 9.0% of deposits as of March 2024, is one of Japan’s Big Three banking groups. Compared with its two megabank rivals, SMFG has a greater focus on retail customers and small and medium-size enterprises rather than large corporate clients.

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