MIZUHO BANK EXECUTIVES TO TAKE PAY CUTS OVER ATM SYSTEM FAILURE

Highlights –

• Mizuho Bank executives to take pay cuts over ATM system failure.
• Mizuho Group’s President and Group CEO Tatsufumi Sakai and 10 other executives will take pay cuts.
• Mizuho Bank will recruit executives from IBM Japan ...

MIZHUO BANK ATM FAILURE DUE TO POOR OPERATION & MANAGEMENT

Highlights –

• Mizhuo Bank ATM failure due to poor operation & management.
• A third-party panel concluded the same on Tuesday.
• The panel consisted of lawyers and system management experts.
• On Feb. 28, its systems were over...

JAPAN ESTIMATES ECONOMIC LOSS OF $9.2 BILLION OVER VIRUS EMERGENCY

Highlights –

• Japan estimates economic loss of $9.2 billion over virus emergency.
• The government's decision to extend the emergency will have a negative impact of 600 billion yen.
• The Japanese economy is expected to have plunged in...

JTB CORP. TO BOOST ITS CAPITAL THROUGH DEVELOPMENT BOJ FUNDING

Highlights –

• JTB Corp. to boost its capital through Development BOJ funding.
• JTB’s capital adequacy ratio stood at 11.4 percent.
• JTB is expected to record a net loss of 100 billion yen in FY 2020.
• Preferred shares are...

JAPAN FSA ORDERS MIZUHO BANK TO SUBMIT PREVENTIVE MEASURES FOR SYSTEM FAILURE

Highlights –

• Japan FSA orders Mizuho Bank to submit preventive measures for system failure.
• Last weekend Mizuho Bank had a major system failure at their ATMs around the country.
• The problem resulted in over 4,300 ATMs failing to funct...

MIZUHO BANK RESTORED ITS ATM SERVICES ON MONDAY

Highlights –

• Mizuho Bank restored its ATM services on Monday.
• The bank’s ATM system failure prevented customers from withdrawing cash from machines across the country.
• The bank is said to conduct a third-party investigation.

JAPAN’S SOCIAL DEMOCRATIC PARTY TO SPLIT AND JOIN CDPJ

Highlights –

• Japan’s Social Democratic Party to split and join CDPJ.
• SDP will allow its parliament and local assembly members to leave the party.
• SDP chief Mizuho Fukushima is said to stay with the party.
• Kantoku Teru...

ANA HOLDINGS CO. TO ACQUIRE $3.8 BILLION IN LOANS FROM BANKS

Highlights –

• ANA Holdings Co. to acquire $3.8 billion in loans from banks.
• Four commercial banks and government-backed banks expected to extend the capital.
• The loan is to bolster the capital base for its airline operator’s earn...

SUMITOMO MITSUI AND MIZUHO REPORT VOTE COUNTING OF SHAREHOLDERS MEETING MISHANDLED

Highlights –

• Sumitomo Mitsui and Mizuho report vote counting of shareholders meeting mishandled.
• Over 1,346 firms in Japan faced the problem.
• Mitsui will consult over possible compensation for the mishandling of votes.
• Japa...

JAPAN BANKS TO LOAN QATAR $330 MILLION TO BUILD THE 1ST MEGA SOLAR POWER PLANT

Highlights –

• Japan banks to loan Qatar $330 million to build the 1st mega solar power plant.
• Japan Bank for International Cooperation and Mizuho Bank has signed the deal with Qatar.
• The facility will be the world’s largest sola...

Xerox acquires funding for it HP deal

$24 billion funding has been acquired by Xerox, a printer making company to proceed with its proposal to acquire HP (Hewlett Packard), an IT giant.

The company now stands strong in merging the two companies. For the acquisition, it is going forward with its $33 billion offer.

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