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Japan Post Bank admits improper sales to elderly clients, discovers 19,500 cases

Japan Post Bank Co's logo is seen on its ATM machine in Tokyo
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TOKYO (Reuters) - Japan Post Bank Co Ltd on Friday said it improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group ahead of a planned share sale.The bank said it discovered branches and post offices had neglected an internal rule requiring staff to confirm twice that customers aged 70..
Date Published: Sep 13, 2019
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