MUFG Bank to Punish Execs over Customer Asset Thefts
Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank said Thursday that it has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe deposit boxes. Hanzawa will take a 30 pct cut in monthly pay for three months. The core unit of Mitsubishi UFJ Financial Group Inc. will also reduce the remuneration of other execu...
Tomas Kauer - News Moderator 
Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank said Thursday that it has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe deposit boxes. Hanzawa will take a 30 pct cut in monthly pay for three months. The core unit of Mitsubishi UFJ Financial Group Inc. will also reduce the remuneration of other execu...
