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

Saturday, April 23, 2011 4:01 PM By dwi

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

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

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

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

Candidates to change him include Manabu Yoshidome, Mizuho Bank's help 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 existence considered, the production said.

(Reporting by Chisa Fujioka; Editing by parliamentarian Birsel)


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