Sumitomo Mitsui Trust Punishes 8 Executives over Insider Trading
Sumitomo Mitsui Trust Punishes 8 Executives over Insider Trading
Tokyo, May 1 (Jiji Press)--Sumitomo Mitsui Trust Group Inc. said Thursday that it will punish eight executives over insider trading involving a former department chief at its Sumitomo Mitsui Trust Bank unit. The eight executives include Kazuya Oyama, president of the bank who will face a 30 pct pay cut for three months. Oyama, while apologizing for the scandal, said at a press conference,...
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