Mizuho Financial Group‘s most important banking arm reported a brand new system glitch on Thursday, inflicting a halt to some cash transactions only a month after regulators reprimanded Japan‘s No. 3 lender for a sequence of technical system failures.
The most recent glitch resulted from an error in system settings and affected automated teller machine and on-line banking operations for about an hour on Thursday afternoon, a Mizuho spokesperson stated.
Mizuho’s technical issues this 12 months got here regardless of a $3.6 billion overhaul of its programs in 2019 and prompted a reprimand from the Monetary Companies Company (FSA) final month.
The group’s CEO, chairman and the pinnacle of the primary banking unit are all stepping down by April to take duty for the glitches. (Reporting by Makiko Yamazaki; Modifying by Susan Fenton)
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