Mizuho Bank head to resign over computer glitch: report (Reuters)

Friday, April 22, 2011 7:01 PM By dwi

TOKYO (Reuters) – The head of Mizuho Bank, the retail banking unit of Japan's second-largest pledgee Mizuho Financial Group, module depart by June over a massive machine glitch, the Asahi production reportable on Saturday.

Mizuho was impact by the flaw terminal period after accounts were flooded with donations for a magnitude 9.0 earthquake and wave in north Nihon that killed up to 28,000 people.

The machine troubles unnatural shutdowns of Mizuho's semiautomatic banker machines and disrupted transactions, adding to the woes of businesses and households already seriously agitated by the disasters.

Mizuho Bank's president, Satoru Nishibori, is seen compiling a organisation to preclude a recurrence of much glitches and formally foretell his resignation by a shareholders' gathering in June, the Asahi said, without citing a source.

Candidates to replace him allow Manabu Yoshidome, Mizuho Bank's deputy president, and Takashi Nonaka, chair of Mizuho Trust & Banking, the Asahi added.

Some modify of penalisation for Mizuho Financial Group President and CEO Takashi Tsukamoto is also being considered, the production said.

(Reporting by Chisa Fujioka; Editing by parliamentarian Birsel)


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