Dec 9, 2014

Mizuho takes a leap into the deal business

by Shinya Ajima

Mizuho Financial Group Inc. will join two U.S. banks in partly financing a $66 billion acquisition in the U.S. pharmaceutical industry, its president said recently, describing the move as the banking group’s leap into the deal business. Mizuho, Japan’s second-largest lender by assets, will ...

Apr 23, 2014

Mizuho names Ota chairwoman

Mizuho Financial Group Inc. said Tuesday that former economic and fiscal policy minister Hiroko Ota will become chairwoman of the board of directors in June to enhance its corporate governance, following its core banking unit’s involvement in loans to gangsters. Ota, a 60-year-old professor ...

Mizuho Bank head Sato to quit; Hayashi picked as his successor

Jan 23, 2014

Mizuho Bank head Sato to quit; Hayashi picked as his successor

Mizuho Financial Group Inc. said Thursday that Yasuhiro Sato will step down as president of its core banking unit, Mizuho Bank, on April 1 and that Deputy President Nobuhide Hayashi will take over. Sato, however, will remain president of the entire Mizuho Financial Group, ...

Oct 30, 2013

Mizuho's grave governance problem

A third-party panel of lawyers has effectively labeled Mizuho Bank's inaction on its loans to underworld customers as a failure of governance and the result of major system problems since 2011.

Jul 12, 2013

Cerberus needs cooperation of Mizuho for next Seibu tack: Gomi

Cerberus Capital Management LP, the biggest shareholder of Seibu Holdings Inc., should approach Mizuho Financial Group Inc. to help it narrow its differences with the hotel operator, said Hirofumi Gomi, a former candidate for the Seibu board. The key is to start talks with ...