Business / Corporate 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 ¥158 ...

Business Dec 9, 2014

Mizuho takes a leap into the deal business

by Shinya Ajima

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 extend ...