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.
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