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Suruga Bank chairman to resign amid lending scandal

Okano stands down after decades at helm of Japanese regional lender

Suruga Bank Chairman Mitsuyoshi Okano will resign after more than 30 years leading the institution. (Photo by Konosuke Urata)
Nikkei staff writers | Japan

TOKYO -- The chairman of Japanese regional lender Suruga Bank has decided to step down after revelations of extensive lending to unqualified borrowers at the institution, carried out by accepting falsified documents.

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