Mizuho says VP Hayashi to replace Sato as Mizuho Bank president

TOKYO Thu Jan 23, 2014 1:48am EST

Related Topics

TOKYO Jan 23 (Reuters) - Mizuho Financial Group Inc said on Thursday that Vice President Nobuhide Hayashi will take over as president of core unit Mizuho Bank effective April 1.

Current President Yasuhiro Sato will remain head of Mizuho Financial Group, Japan's second-biggest bank said.

Mizuho will hold a news conference at 4:30 p.m. (0730 GMT) regarding the management changes.

The banking group has been embroiled in a scandal over loans to members of organised crime, prompting Japan's banking regulator to slap the lender with penalties. (Reporting by Taiga Uranaka; Writing by Shinichi Saoshiro; Editing by Chang-Ran Kim)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video