October 5, 2018 / 6:13 AM / 2 months ago

Suruga Bank ordered to stop making new property loans for 6 mths

TOKYO, Oct 5 (Reuters) - Japan’s Financial Services Agency said on Friday it had ordered Suruga Bank, a midsized bank mired in a lending scandal, to stop making new loans for property investments for six months.

The order came after a third-party panel found that bank employees had been involved in falsifying documents for loans to investors in “share houses” where tenants share bathrooms and other facilities. ($1 = 113.8900 yen) (Reporting by Takahiko Wada; Writing by Taiga Uranaka; Editing by Darren Schuettler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below