Mizuho says chairman will step down over mob loans scandal

TOKYO (Reuters) - Mizuho Financial Group <8411.T> said on Thursday that its chairman Takashi Tsukamoto will step down in March to take responsibility over a scandal involving loans to organized crime.

The move came after regulators earlier on Thursday ordered Japan's second-largest lender to suspend some of its lending operations for one month.

President Yasuhiro Sato will also give up a full year's compensation, extended from a period of six months announced earlier, Mizuho said through a statement.

(Reporting by Taiga Uranaka; Editing by Shinichi Saoshiro)