Mizuho Bank Confirms Two Presidents Knew of Gangster Loans

TOKYO, JAPAN - OCTOBER 08: Mizuho Bank President Yasuhiro Sato speaks on his bank's latest scandal involving loans to members of crime syndicates at a news conference at Bank of Japan headquarters on October 8, 2013 in Tokyo, Japan. The Financial Services Agency issued a business improvement order on September 27 in relation to the loans made to mobsters. A week later Mizuho Bank vice president Toshitsugu Okabe apologized to the public and explain that bank officials became aware of the loans but failed to inform the bank's president. (Photo by The Asahi Shimbun via Getty Images)