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Japan's regulators to discipline major regional bank for improper lending

FSA finds Higashi-Nippon Bank falsified financial status of borrowers

(Photo by Takaki Kashiwabara)

TOKYO -- Japan's Financial Services Agency plans to discipline Higashi-Nippon Bank, a Tokyo-based regional bank, charging that its staff falsified customers' financial records to make them look better than they actually were so as to boost loan numbers, and illicitly charged fees on loans in addition to interest, Nikkei has learned.

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