Japan’s Financial Watchdog To Discipline Concordia Regional Bank Unit: Source

www.oann.com | 6/29/2017 | Staff
echolea (Posted by) Level 3
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.

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