TOKYO (Reuters) – Japan’s Financial Services Agency is set to issue business improvement orders against a subsidiary unit of Concordia Financial Group Ltd over illicit commissions and other breaches, a government source with direct knowledge of the matter said.
The FSA has been conducting on-site inspections at the regional bank, Higashi-Nippon Bank Ltd, since late 2017, looking into the its lending practices, the source said on Friday.
The financial watchdog assessed the...
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