Apr 23, 2015

Sharp's ¥200 billion bailout approved by Mizuho, BTMU

Sharp Corp. has effectively been given the green light to receive ¥200 billion ($1.7 billion) in financial support from its two main creditor banks on condition it engages in more drastic restructuring, sources close to the matter said Thursday. Mizuho Bank and the Bank ...

Apr 8, 2015

Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion

Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC’s Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, ...

Jan 14, 2015

Mizuho to lend $3 billion to AT&T to buy U.S. spectrum

Mizuho Bank is set to lend $3 billion to AT&T Inc. for the U.S. telecommunications firm to buy wireless airwaves in the United States in an auction later this year, sources said Tuesday. The unit of Mizuho Financial Group Inc., Japan’s second-largest banking group ...

Megabanks break glass ceiling for foreign managers

| Aug 28, 2014

Megabanks break glass ceiling for foreign managers

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Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.’s headquarters, where ...

Jul 15, 2014

Number of female execs in banking industry increasing

Female executives are increasing in the nation’s banking industry even as Prime Minister Shinzo Abe is calling for better utilization of women in the workforce as part of the government’s growth strategy measures. “Diverse human resources hold the key to sustained corporate growth,” says ...

Mizuho to heed frontline troops

Jul 5, 2014

Mizuho to heed frontline troops

Mizuho Financial Group Inc.’s newly chairwoman says she wants to be receptive to the opinions of those running its frontline operations to boost the lender’s oversight structure in the wake of last year’s yakuza loan scandal. Hiroko Ota, who got the shareholders’ nod to ...

Jul 3, 2014

Japanese banks trail peers on dividend payouts

Japan’s biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. paid ...

Mizuho beats Nomura in bond sales as spreads sink

Jul 2, 2014

Mizuho beats Nomura in bond sales as spreads sink

Mizuho Financial Group Inc. overtook Nomura Holdings Inc. as the No. 1 underwriter of corporate bonds in the first six months as yield premiums on corporate debt fell to their lowest level in eight years. The nation’s third-largest bank by market value helped underwrite ...