Japan’s Mizuho Hit With Another Glitch, Some Transactions Delayed

Japan’s Mizuho Hit With Another Glitch, Some Transactions Delayed
Mizuho Financial Group logo is seen at the company's headquarters in Tokyo, Japan, on Aug. 20, 2018. Toru Hanai/Reuters
Reuters
Updated:

TOKYO—Mizuho Financial Group’s main banking arm said on Thursday a system glitch has been delaying some foreign exchange transactions, just a week after it was slapped with a regulatory punishment over system troubles earlier in the year.

Japan’s third-largest lender has experienced a series of technical problems despite a $3.6 billion overhaul of its systems in 2019, prompting the Financial Services Agency (FSA) to become more involved in inspections of its computer system, an unusual move for the banking regulator.