TOKYO -- Mizuho Financial Group will postpone a leadership reshuffle at its main banking unit next month to find the root cause of recent system failures and prevent a recurrence, Nikkei learned Monday.
Mizuho Bank has suffered four system failures in the past two weeks. On Feb. 28, roughly 80% of its ATMs across Japan stopped running, with some users unable to retrieve their bank cards from the machines. A glitch in its foreign exchange system from Thursday night to Friday delayed 263 remittances.
