Executives at a leading Japanese bank apologized and took pay cuts on Thursday after police arrested an employee who allegedly stole about 1.4 billion yen ($9 million) worth of valuables from customers’ safe deposit boxes.

Japan's Mizuho Bank is no longer accepting new customers for its safe-deposit service. The move follows the arrest of an employee of another Japanese mega-bank over alleged massive theft from customers' safe-deposit boxes.

A former MUFG Bank employee accused of stealing valuables from customer safe deposit boxes reportedly admitted to using overseas trading plat

The head of Japan's MUFG Bank has promised to review the financial institution's safe deposit box operations following a series of alleged thefts by a former employee.

Mitsubishi UFJ Financial Group said its banking unit chief and other senior executives will take pay cuts to take responsibility for the theft of millions of dollars from customers’ safe deposit boxes.

MUFG Bank announced Thursday it will punish executives, including President Junichi Hanzawa, for a former employee's alleged massive thefts of customer assets from safe deposit boxes.

The Japan Bank for International Cooperation will provide up to 800 million euros ($822 million) in loans to a major German telecom c

The thefts at two branches of MUFG Bank spanned four years and ... according to the bank. The bank, one of Japan's three megabanks, was formed in 2006 by the merger of UFJ Bank and Bank of Tokyo ...

The thefts at two branches of MUFG Bank spanned four years and were uncovered last October. The employee, who was dismissed, is believed to have stolen gold, cash and other valuables worth about 1 ...

worth of valuables from customers’ safe deposit boxes. The thefts at two branches of MUFG Bank spanned four years and were uncovered last October.

The urgency to ramp up cyber security has never been more acute in Japan after a recent spate of attacks. Read more at straitstimes.com.

By Stefano Rebaudo and Ankur Banerjee (Reuters) -The U.S. dollar dropped and bitcoin hit an all-time high on Monday before Donald Trump’s inauguration as U.S. president later in the session, with