Sumitomo Mitsui Trust Punishes 8 Executives over Insider Trading
Tokyo, May 1 (Jiji Press)--Sumitomo Mitsui Trust Group Inc. said Thursday that it will punish eight executives over insider trading involving a former department chief at its Sumitomo Mitsui Trust Bank unit. The eight executives include Kazuya Oyama, president of the bank who will face a 30 pct pay cut for three months. Oyama, while apologizing for the scandal, said at a press conference,...
Tomas Kauer - News Moderator 
Tokyo, May 1 (Jiji Press)--Sumitomo Mitsui Trust Group Inc. said Thursday that it will punish eight executives over insider trading involving a former department chief at its Sumitomo Mitsui Trust Bank unit. The eight executives include Kazuya Oyama, president of the bank who will face a 30 pct pay cut for three months. Oyama, while apologizing for the scandal, said at a press conference,...
