Mizuho Bank
Mizuho Bank is the retail and corporate banking unit of Mizuho Financial Group. It is one of the three largest banks in Japan, called "megabanks," and has total assets of approximately $1.8t in 2017.
In 2018, Mizuho was named as one of the "systemically important financial institutions" in the world by policy research and development entity Financial Stability Board.
Mizuho Bank completes merger with research & tech unit
Mizuho Bank completes merger with research & tech unit
Research and consulting functions are now under the Mizuho Research Institute brand.
Mizuho teams up with asset managers to expand investment products
They will develop and distribute new products as well as personal exchanges.
Mizuho FG’s CET1 ratio climbs to 13.76% as capital base grows
The megabank earlier announced that it has achieved 90% of its profit target.
Mizuho hits 90% of profit target in 9 months as net income tops $6.4b
Its expanded share buyback shows confidence in its capital base.
Indian banking returns hit decade-high as global margins shrink
CareEdge report confirms banking metrics are the strongest in years with multi-year low debt ratios.
Mizuho and Fujitsu automate 70% of SME order processing tasks
It streamlines 70% of order processing tasks by elimination manual input and conversion work.
Mizuho expands further into India with planned Avendus acquisition
Avendus will become a subsidiary of Mizuho Securities.
Japanese megabanks see profit rise, but capital remains a weakness
Overseas expansion is another risk, as it could raise credit costs, warned Fitch.
Mizuho Financial Group’s profit up 21.8% to $4.46b in H1 FY2025
Its comprehensive income rose 42.8% although ordinary income was 5.4% lower.
Mizuho Bank speeds up ISO compliance, eases payment with Boomi
With the online portal, firms can input payment instructions using both legacy and ISO 20022 formats.
Mizuho Bank names new global transaction banking head
Hidekatsu Take will remain head of global corporate & investment banking.
State Street completes transfer of Mizuho’s $850b custody business
Mizuho will collaborate with State Street for global custody and related services.
Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025
MFG has revised its full-year earnings outlook upward.
Automation stalls hiring at Singapore’s top banks
Lenders are also upskilling to keep up with tech.
Mizuho to acquire majority of Upsider’s shares for $309.8m
Upsider provides corporate credit card and invoice payment services.
Mizuho to acquire 100% shares of energy advisory firm August & Co
The August & Co brand will be maintained.
Japan’s megabanks brace for lower earnings growth on US uncertainties
They only expect a 7.9% net income growth, lower than the 25.3% previously.
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