Jun 24, 04:30 AM

Japan Regulator Issues Orders to MUFG, Norinchukin Over Client Confidentiality Breach

Japan's financial regulator issued business improvement orders to Mitsubishi UFJ Financial Group's flagship banking unit and two joint ventures for breaching client confidentiality rules. Norinchukin Bank was warned about its risky strategy of relying heavily on foreign bond holdings.

#Japan #Mitsubishi UFJ Financial Group #Norinchukin Bank

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