Mizuho Holdings Inc. held an extraordinary shareholders’ meeting Wednesday in which it was given the green light to raise the ceiling on preferred share issues — a measure aimed at bolstering its capital by 1 trillion yen to accelerate bad-loan disposal.

The banking group is set to book more than 2 trillion yen in loan-loss charges for fiscal 2002, forcing Mizuho Holdings to suffer a consolidated net loss of 1.95 trillion yen.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.