Mizuho to fortify investment banking business

Mizuho Financial Group is planning to buy out its brokerage and trust bank units in a deal that could be worth around $4 billion.

Japan's second-largest bank by assets is planning to buy out minority shareholders in Mizuho Securities, Mizuho Trust & Banking, Mizuho Investors Securities.

Mizuho is expected to carry out the buyout around October after getting approval at an annual shareholders meeting scheduled in June, the source said.

Mizuho and rival top banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are trying to strengthen their investment banking and other operations as they face weak prospects in their core lending business in Japan.

Mizuho aims to consolidate its group management for better control and synergy among units by buying out the minority shareholders in these companies.

You can read the full story at Reuters.com.

Follow the link for more news on

Also Read

Value of deal activities in Singapore, Malaysia, Indonesia hit US$9.17b

Market confidence in Southeast Asia hits two-year high

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit