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.

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.

Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe ...

At least 60 clients have been victims of the safe deposit box thefts, with the total damage expected to exceed ¥1 billion.

A former employee of MUFG Bank was arrested Tuesday over the alleged theft of valuables from customers' safe deposit boxes, police said. Yukari Imamura, 46, is suspected of stealing around 20 kilograms of gold bars worth around 260 million yen deposited by two male customers at the bank's Nerima

TOKYO (Reuters) - Japan's core consumer inflation likely accelerated in December, boosted by higher energy costs, while the Bank of Japan is seen raising rates next week, a Reuters poll showed on Friday.

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 ...

Mitsubishi UFJ Financial Group Inc. 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’ safety deposit boxes.