Mizuho to create new holding firm

Mizuho to create new holding firm

TOKYO, Japan - Mizuho Holdings Inc. Chief Executive Officer Terunobu Maeda speaks at a news conference Dec. 4. He said the company will transform itself into a more narrowly defined bank holding firm and come under a new comprehensive holding company to be created in March 2003 to bolster the group's overall financial business. The new holding firm, Mizuho Financial Group, will oversee the group's whole business activities, while the existing holding company will more directly control the group's two core banks -- Mizuho Bank and Mizuho Corporate Bank -- to have them work more closely together.

Mizuho makes fresh start with merger of 3 core banks

Mizuho makes fresh start with merger of 3 core banks

TOKYO, Japan - Mizuho Holdings Inc., the world's largest banking group with assets of 160 trillion yen, made a fresh start April 1 as its three core banks merged into two -- Mizuho Bank and Mizuho Corporate Bank. Mizuho Holdings President Terunobu Maeda (R) and Mizuho Bank President Tadashi Kudo (L) cut the tape in a ceremony to inaugurate Mizuho Bank.

Mizuho makes fresh start with merger of 3 core banks

Mizuho makes fresh start with merger of 3 core banks

TOKYO, Japan - Mizuho Holdings Inc., the world's largest banking group with assets of 160 trillion yen, made a fresh start April 1 as its three core banks merged into two -- Mizuho Bank and Mizuho Corporate Bank. Mizuho Holdings President Terunobu Maeda (R) and Mizuho Bank President Tadashi Kudo (L) cut the tape in a ceremony to inaugurate Mizuho Bank.

Mizuho to create new holding firm

Mizuho to create new holding firm

TOKYO, Japan - Mizuho Holdings Inc. Chief Executive Officer Terunobu Maeda speaks at a news conference Dec. 4. He said the company will transform itself into a more narrowly defined bank holding firm and come under a new comprehensive holding company to be created in March 2003 to bolster the group's overall financial business. The new holding firm, Mizuho Financial Group, will oversee the group's whole business activities, while the existing holding company will more directly control the group's two core banks -- Mizuho Bank and Mizuho Corporate Bank -- to have them work more closely together. (Kyodo)