Jul 29, 2016

Mizuho profit slides 16% on negative interest rate

Mizuho Financial Group, the nation’s second-largest lender, said first-quarter profit dropped 16 percent, as Japan’s negative interest rate hit income from loans and investments and failed to stoke broader borrowing. Mizuho said Friday that April-June net profit fell to ¥132.6 billion ($1.28 billion) from ...

Mizuho CEO says higher fee income will offset negative rates

May 30, 2016

Mizuho CEO says higher fee income will offset negative rates

Mizuho Financial Group Inc. is counting on fee businesses to make up for lower returns from lending and bond investments in the wake of the Bank of Japan’s decision to adopt a negative interest-rate policy. “Noninterest income will grow significantly as we move into ...

Feb 25, 2016

Mizuho union follows rivals in seeking no pay hike

The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year’s wage talks, given that the banking group has taken a battering from the central bank’s negative interest policy, sources said. The union plans to gain ...

Mizuho introduces SoftBank's Pepper robot to Tokyo bank branch

Jul 17, 2015

Mizuho introduces SoftBank's Pepper robot to Tokyo bank branch

Mizuho Financial Group Inc. introduced SoftBank Group Corp.’s Pepper robot to its flagship branch in central Tokyo on Friday. The 121-cm-tall humanoid will entertain customers with games and multimedia and provide basic information on products. The bank plans to add its robot employee to ...

Dec 9, 2014

Mizuho takes a leap into the deal business

by

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, ...