Market Watch (Free subscription) | 05/15/2009
Mizuho Financial Group Inc. reports Friday it swung to a loss in the just-ended fiscal year and that it plans to issue up to 600 billion yen ($6.3 billion) in new shares to bolster its capital position.
Market Watch (Free subscription) | 05/15/2009
LOS ANGELES (MarketWatch) -- Mizuho Financial Group Inc. reported Friday it swung to a net loss of 588.8 billion yen ($6.2 billion) for the fiscal year ended March, from a 311.2 billion yen profit the year before. It also said it would issue 600 billion yen in new shares to bolster its capital position and was cutting its cash dividend for the year to 10 yen from 10,000 yen in the previous year. However,...
Market Watch (Free subscription) | 04/23/2009
HONG KONG (MarketWatch) -- Mizuho Financial Group Inc. is likely to post to a net loss of more than 500 billion yen ($5.1 billion) in the fiscal year which ended March 31, owing to a surge in costs related to bad loans, according to a report Thursday by Kyodo News. The bank, one of Japan's three largest, last year reported fiscal 2007 net income fell by almost half from a year earlier. Shares of Mizuho...
Market Watch (Free subscription) | 04/08/2009
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service said Wednesday it downgraded Japan's Mizuho Financial Group Inc. and its units because the bank's Tier I capital ratio could come under short- to medium-term pressure. Moody's cut the deposit and senior debt ratings of Mizuho Bank Ltd., Mizuho Corporate Bank Ltd., Mizuho Trust & Banking Co., and Trust & Custody Services Bank Ltd. to...
Japan Times (Free subscription) | 02/11/2009
The nation's three biggest banking groups will soon tell Citigroup Inc. they intend to bid for Nikko Cordial Securities Inc., sources familiar with the matter said Wednesday. Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. will convey their plans to Citigroup possibly this week, the sources said. Read the full story
Japan Times (Free subscription) | 01/28/2009
Mizuho Financial Group Inc., Japan's second-largest bank by revenue, said it may consider buying Citigroup Inc.'s local brokerage and asset-management units. "I think it's worth considering," said Yasuhiro Sato, 56, who will be promoted to chief executive officer of Mizuho's corporate banking unit on April 1. The Nikko Cordial brokerage has a strong distribution network, and Nikko Asset Management...
Financial24 (Free subscription) | 01/28/2009
Mizuho Financial Group Inc., Japan's second-largest bank by revenue, said it may consider buying Citigroup Inc (C).'s local brokerage and asset-management units. I think it's worth considering, said
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