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

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 years or older be in good health and have a good grasp of its products before making any sales.An..