The Tohoku Local Finance Bureau has issued a business improvement order to Iwaki Shinkumi Bank following revelations of fraudulent loan activities. The bank was found to have engaged in unauthorized creation of accounts using customers' names, fictitious loans, and concealed improper lending practices over an extended period. Additionally, the bank conducted indirect lending through non-existent companies and attempted to hide embezzlement. These irregularities led to the resignation of the bank's top executives. The order mandates the bank to rectify its operations and improve compliance measures to prevent further misconduct.