The Mizuho Financial Group, one of four megabanks created through recent bank mergers, has unveiled business outlines for the two banks it plans to launch in April 2002 after reorganizing its three constituent banks.
The two new banks will be Mizuho Bank, mainly for individual clients, and Mizuho Corporate Bank for large corporate transactions.
The Mizuho Financial Group was created in September through a three-way alliance between Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan.