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Topic: Mizuho Holdings


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In the News (Wed 23 Dec 09)

  
  The Telegraph - Calcutta : Business
Mizuho has said it is seeking to raise around one trillion yen by the end of March to shore up its capital, hit hard by huge stockholding losses and loan-loss charges against risky borrowers.
Mizuho decided to seek the financing after forecasting nearly two trillion yen in group net losses for the year to March, the largest ever corporate loss in Japan.
Mizuho, like other Japanese banks, needs to prevent its capital from eroding further as the government steps up pressure on banks to clean up their balance sheets.
www.telegraphindia.com /1030212/asp/business/story_1661313.asp   (325 words)

  
 CNN.com - Mizuho seen speeding up writeoffs - Oct. 31, 2002
The bank, the wholesale unit of Mizuho Holdings, will dispose of the loans to around 150 large companies that are bankrupt or close to it, the Asahi Shimbun reports.
Mizuho Corporate Bank said in October that it was scaling back its risk assets by 5 trillion to 7 trillion yen this business year.
Mizuho stock is down 1.61 percent at 183,000 yen late on Friday morning, with most banks down despite a 0.39 percent rise in the Nikkei average.
archives.cnn.com /2002/BUSINESS/asia/10/31/japan.mizuho/index.html   (302 words)

  
 Terunobu Maeda 1945— - NAMED PRESIDENT OF THE WORLD'S LARGEST BANK
Mizuho Holdings thus became the largest bank in the world in terms of assets, surpassing even Citigroup.
Mizuho's financing methods were being criticized by the media, and Mizuho's management team was being humiliated.
Maeda reported that Mizuho Financial was conducting tests for an integrated computer system in an effort to avoid a repeat of the company's computer debacle of the previous year.
www.referenceforbusiness.com /biography/M-R/Maeda-Terunobu-1945.html   (2176 words)

  
 CNN.com - Mizuho to regroup to save capital - Dec. 4, 2002
Mizuho is the world's biggest bank by assets but is viewed as one of the weaker of Japan's four big banking groups.
Mizuho's holding company move is similar to the strategy adopted by rival Sumitomo Mitsui Financial Group, the nation's second-biggest banking group, which moved into a holding company structure on Monday by putting profitable affiliates under the same umbrella.
Mizuho, burdened with nearly five trillion yen ($40 billion) of sour loans, said it would speed up bad debt disposal by transferring them to a separate unit, or use a special corporate rehabilitation scheme by September 2003.
edition.cnn.com /2002/BUSINESS/asia/12/04/japan.mizuho.biz/index.html   (708 words)

  
 Mizuho Financial Group - Company Profile - Banking Business Review
Mizuho Financial Group, Inc., formed in March 2003, is the parent company of Mizuho Holdings, Inc. Mizuho Holdings was established in 2000 through the merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan.
Mizuho Securities is engaged in providing various securities and investment banking services to business entities, banks, domestic and overseas investors and public corporations.
Mizuho Trust and Banking is primarily engaged in offering various services including asset management, custody and administration, pension trust, securitization services and acts as stock transfer agent.
www.banking-business-review.com /companyprofile.asp?guid=7A0F185D-9103-4B72-8A03-676A38E0AA0B&CType=Background   (355 words)

  
 Bloomberg.com: Top Worldwide
Mizuho and its three main rivals estimate their capital adequacy ratios probably dropped to an average 9.75 percent as of March from 10.63 percent six months ago.
Mizuho's shares shed more than nine-tenths of their value since the bank's predecessor, Mizuho Holdings Inc., started trading in September 2000, wiping out more than $64 billion of stockholders' funds.
Mizuho, Sumitomo Mitsui and UFJ have to generate profits to cover interest payments on the 1.7 trillion yen of preferred shares they sold to investors this year to shore up their capital.
quote.bloomberg.com /apps/news?pid=10000006&sid=aIOY7Sfgq2UY&refer=home   (1280 words)

  
 Inner City Press' Mizuho Watch: Dai-Ichi + IBJ + Fuji = ???
Mizuho then released a small portion of the CRA information, while continuing to withhold basic information such as its organizational chart and list of principles, information that is routinely released in other proceedings on applications by Mizuho's competitors.
Mizuho represents that the business relationships cited by ICP were limited to equipment leases to Delta and Ameriquest by subsidiaries of DKB and Fuji, and that a credit facility arranged by IBJ for PinnFund expired without being funded.
Mizuho would own at least five FDIC-insured institutions (“banks”), and a retail subprime consumer finance company, the CIT Group, which is seeking to charter and shift its subprime lending to another bank, which would be Mizuho’s sixth in the United States.
www.innercitypress.org /mizuho.html   (12655 words)

  
 stocks, shares, news, FTSE, online trading - Interactive Investor
Mizuho Holdings originally issued the 33,000 preference shares at 3.0 mln yen per share, or 99 bln yen in total, on March 31, 1998.
Mizuho Financial did not give a schedule for repaying the balance of the public funds invested in it.
Mizuho Financial said it now expects to post parent net profit of 20.5 bln yen in the full year to March 2005, up from the earlier estimate of a 13.5 bln yen, citing the positive impact of the booking of capital gains through the sale of the preference shares to Mizuho Holdings.
www.iii.co.uk /shares?type=news&articleid=5059535&action=article   (552 words)

  
 Guardian Unlimited Business | | Mizuho loss hits hopes of Japanese banking turnaround
Mizuho Holdings, the world's largest bank in assets terms, posted the heftiest loss in Japanese corporate history yesterday, dealing a fierce blow to hopes that bigger would prove better for the country's unstable financial system.
The 2.4 trillion yen ($20.4bn or £12.4bn) tide of red ink at Mizuho arrived amid wider news of negative results at Japan's mega-banks - formed through a series of mergers aimed at stabilising a system that has lurched from one crisis to another in recent years.
Mizuho predicts it will surge back into the fl, with a ¥220bn profit in the 2003 financial year, a forecast that allows it to claim deferred tax assets worth 61% of its core capital.
business.guardian.co.uk /story/0,3604,963797,00.html   (601 words)

  
 Mizuho bank customers not amused - theage.com.au
Mizuho Holdings Inc is discussing with clients how to deal with any distortion of data that occurred since the bank rolled out a computer system plagued by glitches for its newly merged operations on April 1.
Mizuho is asking clients to supply it with details of accounts from which they claim transfers should have been made, such as the account number and transfer amount.
Mizuho earlier said it expected to have its busiest day this year tomorrow, as utility and other bills were paid at the end of the month following a holiday weekend.
www.theage.com.au /articles/2002/04/28/1019441324806.html   (342 words)

  
 CNN.com - Mizuho glitch cleanup to last a month - April 18, 2002
Mizuho told CNN on Thursday that its operations will be completely back to normal by May 1.
The systems-integration disaster is likely to claim the heads of Mizuho's former joint CEOs, who already stepped down as previously planned from their positions on April 1 (full story).
Mizuho says it would have been more disruptive to the Japanese banking system in general for it to retract its integration.
edition.cnn.com /2002/BUSINESS/asia/04/18/japan.mizuho   (686 words)

  
 Bloomberg.com: Top Worldwide
Mizuho's holdings of equities, the highest among Japanese banks, yielded fewer gains as the Nikkei 225 Stock Average fell 8 percent during the half.
Mizuho returned to profit last fiscal year after posting a 2.38 trillion yen net loss in the twelve months to March 31, 2003, a record for a Japanese company, because of mounting bad loans and stock losses.
Mizuho's first-half profit included a 62 billion yen gain on investments in stocks and other securities, compared with a 99 billion yen gain a year earlier.
quote.bloomberg.com /apps/news?pid=10000087&sid=aJ1I4dZZ.y24   (646 words)

  
 CNN.com - Mizuho hit by theme park's collapse - Feb. 26, 2003
Mizuho Holdings, the world's biggest bank by assets, has again taken a hit on the Tokyo Stock Exchange, with its share price falling more than 6.5 percent to 100,000 yen at the close Wednesday.
Mizuho said its earnings outlook for the financial year to March 31 would not be affected, though it expected the loans would take time to collect.
Earlier, Kyodo news agency reported that Mizuho Holdings will get a total of 90 billion yen ($762 million) from Japan's power and gas utilities as part of its plan to raise 1 trillion yen (about $8.5 billion) in new capital.
www.cnn.com /2003/BUSINESS/asia/02/26/japan.mizuho.biz/index.html   (272 words)

  
 A jumbo from Japan: Mizuho Holdings Global Finance - Find Articles
Mizuho Holdings Financial Group (MHFG) was established in September 2000 and with $1.4 trillion in assets is now the largest financial group in the world.
The group consists of the three merged banks; the wholesale bank Mizuho Securities, which itself was formed as a result of the merger of the securities divisions of the three banks; and Mizuho Trust & Banking, the banking arm of the group; it will commence business in April 2002.
The main challenge now facing Mizuho Group is the integration of the three existing information systems, a process that began in January 2000 and is scheduled to be completed by March 2002.
www.findarticles.com /p/articles/mi_qa3715/is_200107/ai_n8954461   (791 words)

  
 TIME Asia Print Page: Too Big to Fail? -- February 3, 2003 / Vol. 161 No. 4
Last week came the bleakest news yet: on Jan. 21, Mizuho Holdings president and CEO Terunobu Maeda announced that the bank expects to lose $16.53 billion for the fiscal year ending in March.
Mizuho's plight is the latest indication that Japan's biggest and sickest banks might ultimately require government bailout and takeover.
Mizuho president Maeda has said that he is looking at foreign and domestic investors alike.
time.com /time/asia/magazine/printout/0,13675,501030203-411456,00.html   (848 words)

  
 Encyclopedia :: encyclopedia : Financial services   (Site not responding. Last check: 2007-11-02)
One approach would be a bank which simply buys an insurance company or an investment bank; keeps their original brands; and adds it to its holding company simply to diversify its earnings.
Outside the United States, for example in Japan, it is also permitted to have non-financial services companies within the holding company.
In this scenario, each company still looks independent, and has its own customers, etc. This is essentially the style of Citigroup and JP Morgan Chase.
www.hallencyclopedia.com /Financial_services   (1031 words)

  
 Mizuho Resources & Information - mizuho kazami
Mizuho Holdings, Inc. (???????????????) is a Japanese holding company.
Mizuho Ginko) was founded on April 1, 2002, by the merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Japan Industrial Bank.
Mizuho pictures mora mizuho usa of Holdings, bank mizuho Inc. (mizuho mizuho ???????????????) is
www.bizhisto.com /mizuho.htm   (152 words)

  
 Nikkei Net Interactive - Asia Web Guide - Japan - Financial Services
Holding company for one of Japan's major insurance groups, created through the merger of...
Holding company of one of the world's largest banking groups.
Mizuho Securities is part of the Mizuho Financial Group and operates as an integrated...
www.nni.nikkei.co.jp /FR/AWG/url/j_Finan.html   (566 words)

  
 The St. Petersburg Times - Business - Trillion-Dollar Mizuho Megagroup Debuts
"Mizuho does not only become a financial group that enjoys overwhelming superiority in the home market, but also wins a ticket to be a top-five power player on the global financial stage," said Katsuyuki Sugita, president and co-chief executive officer of Mizuho Holdings.
Mizuho has a total 28.5 trillion yen worth of outstanding lending to major companies and holds individual deposits of 31.1 trillion yen.
Mizuho aims for a return on equity of 12 percent in the year to March 2006, up from 4.2 percent in 1999-2000 but still below top foreign banks that have ROEs of more than 20 percent.
www.sptimes.ru /story/12744   (674 words)

  
 [No title]
Mizuho, along with other major Japanese banks, is raising capital to combat stock market declines that have slashed their equity holdings and made it increasingly difficult to dispose of non-performing loans.
Mizuho's 1-trillion yen capital increase -- the largest ever capital boost for a Japanese bank -- would help Mizuho keep its capital-adequacy ratio at more than 9 percent, higher than the 8 percent required for banks operating internationally.
Mizuho's shares climbed 4,000 yen, or 3.3 percent, to close at 125,000 yen on Monday.
www.marketwatch.com /News/Story/Story.aspx?guid={5D23AF78-C0B0-4945-B266-E560C0854D8B}&siteid=mktw   (589 words)

  
 Asia Times Online
Markets closed sharply lower as panicky investors dumped their holdings ahead of the resumption of trading on Wall Street later on Monday.
Mizuho Holdings fell 7.7 percent or 40,000 yen to 478,000 yen.
In all, Mizuho expects to write off 845 billion yen in bad loans for the first half of the year.
www.atimes.com /front/CI18Aa01.html   (1774 words)

  
 The Hindu : Banking 'Godzilla' with big assets, and biggest debt
The Mizuho Securities Co and the Mizuho Trust and Banking Co., both amalgamating the trust banking and the securities arms of three big financial and brokerage houses, opened their doors on Monday thus marking a significant milestone in the collapse of the traditional borders distinguishing the various keiretsu.
Mizuho, literally 'bountiful rice harvest', becomes the country's first combined financial company and a pioneer in the reorganisation of the banking sector, where the trend may be of creating more such behemoths.
Mizuho itself has a strong domestic base with commercial loans at over 28 trillion yen and individual deposits of over 31 trillion yen.
www.hinduonnet.com /thehindu/2000/10/05/stories/06050009.htm   (705 words)

  
 CNN.com - Mizuho to take $1.3B hit from Mycal - September 17, 2001
Mizuho's Dai-Ichi Kangyo Bank subsidiary will bear the brunt of the collapse, as Mycal's main lender.
Mizuho is also tightening its reins on other borrowers in bad shape.
Mizuho is also battling the slump in Japanese stocks, which are hurting its huge shareholdings, and a deterioration in profits at its Yasuda Trust & Banking Co. subsidiary.
archives.cnn.com /2001/BUSINESS/asia/09/16/japan.mizoho   (623 words)

  
 CNN.com - Mizuho to waive Sogo loans - January 29, 2001
The move by Sogo's main creditor is likely to signal the go-ahead for a proposed 10-year rehabilitation plan for the retailer, which last year filed for court protection from creditors.
The three banks under the umbrella of Mizuho Holdings Inc, the world's biggest banking group by assets, said the move would not affect the group's earnings estimates for the current business year.
Mizuho shares rose slightly to ¥687,000 by midday Monday.
archives.cnn.com /2001/WORLD/asiapcf/east/01/29/mizuho.business   (431 words)

  
 Japanese Telecom Giant Issues Profit Warning - 2002-04-05
Mizuho Holdings, the world's biggest bank in terms of assets, re-launched Monday as two separate financial companies.
Mizuho Bank will serve individuals and small businesses while Mizuho Corporate Bank will work with larger clients.
The reorganization follows the formation of Mizuho Holdings in 1999 with the merger of three major Japanese banks.
www.voanews.com /english/archive/2002-04/a-2002-04-05-40-Japanese.cfm   (311 words)

  
 The Japan Zone newsletter.
Mizuho Holdings managed to turn the April 1st launch of the world's biggest bank into a debacle whose repercussions are still being felt.
Opposition parties hold him responsible for the bungled handling of the recent BSE (mad cow disease) outbreak and had demanded his resignation, following the release of a report that severely criticized the ministry's handling of the case.
Millea Holdings was launched as one of Japan's biggest insurance groups at the beginning of the month.
www.japan-zone.com /japanzine/japanzine21.shtml   (4361 words)

  
 Lexpert: Deal
The three banks jointly established a bank holding company, Mizuho Holdings, Inc., through the stock-for-stock exchange method (Kabushiki-Iten) on September 29, 2000, and formed the Mizuho Financial Group (MHFG).
As the parent of the consolidated organization, Mizuho Holdings, Inc. is designed to carry out the management and administration of MHFG as a whole.
The creation of the Mizuho Bank (Canada) is the Canadian component of the global consolidation of the three banks.
www.lexpert.ca /deal.php?id=1245   (290 words)

  
 Asian Markets End Mixed To Higher, While Regional Concerns Dominate
Japanese equity markets advanced higher as the nation's leading banks staged a rebound led by Mizuho Holdings on the hopes that banks will take steps to replenish their capital and tighten their belts.
Shares later reversed losses after a newspaper reported that Mizuho was seeking to raise 700 billion yen in capital, which sparked short covering across the sector despite Mizuho's denial of the report.
Mizuho's shares rocketed, while UFJ Holdings also picked up.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/11-20-2002/0001844939   (761 words)

  
 TheStreet.com: Nikkei Indices' Components Will Change
On Oct. 2, outgoing firms Tekken, a railway constructor, and Japan Securities Finance will be replaced by Mizuho Holdings and electronic security servicer Secom.
Mizuho, the new holding company for Mizuho Bank, is the resulting of the merger of IBJ, DKB and Fuji Bank.
For the Nikkei 330 index, the outgoing firms are IBJ, DKB, Fuji Bank, Tokyo Exterior, Haseko, Sankyo Aluminum and Tokyo Land.
www.thestreet.com /int/asia/1072972.html   (258 words)

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