Japan's MUFG cuts CEO, five other executives' pay after firewall breaches

By Yahoo! Finance | Jul 19, 2024 at 03:00 AM EST

Mitsubishi UFJ Financial Group will reduce pay for six executives due to breaching "firewall" regulations at its banking and securities arms. The Financial Services Agency ordered business improvement plans after finding confidential information sharing between MUFG Bank and its securities unit.

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