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Aozora Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2008

    Exposure to the Bernard L. Madoff Ponzi scheme

    Aozora announced in December 2008 that it had approximately ¥12.4 billion of exposure to the investment fraud operated by Bernard L. Madoff. The disclosure occurred during the global financial crisis and added to concerns about the bank's international credit and investment exposures.

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