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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.
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.
Japan’s biggest banks are nearing a key valuation level for the first time in almost a decade as investors bet that the Bank of Japan will raise interest rates on Friday and accelerate its normalisation of monetary policy.
MUFG Bank is the largest lender in Japan and the main banking unit of the Mitsubishi UFJ Financial Group, a leading global financial services group. It operates 421 domestic and 104 overseas branches and employs over 31,000 staff as of March 2024 ...
· 2h · on MSN
Bank of Japan raises interest rates to highest level in 17 years
Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level
Bank of Japan hikes rates to highest in 17 years. The dollar is falling.
The Bank of Japan delivered a widely expected 25 basis point hike to its key lending rate on Friday, bringing the overnight call rate to the highest since 2008 and putting pressure on the dollar. The ICE Dollar Index slipped 0.
The thefts at two branches of MUFG Bank spanned four years and ... according to the bank. The bank, one of Japan's three megabanks, was formed in 2006 by the merger of UFJ Bank and Bank of Tokyo ...
The thefts at two branches of MUFG Bank spanned four years and were uncovered last October. The employee, who was dismissed, is believed to have stolen gold, cash and other valuables worth about 1 ...
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