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Mizuho scraps plan to replace banking arm head after system failures

Sumary of Mizuho scraps plan to replace banking arm head after system failures:

  • Mizuho Financial Group will set up a third-party panel of experts to look into the system failures that made thousands of automatic teller machines nationwide temporarily unavailable and delayed foreign currency-denominated remittances…
  • 28, when over 4,300, or about 80%, of Mizuho’s automated teller machines operating nationwide were temporarily suspended and more than 5,000 bank cards and books became stuck inside them…….

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