Mizuho Financial Group Inc (8411.T)
TOKYO, May 15 Japan's two biggest banks by assets posted double-digit declines in annual profit on Wednesday, highlighting deepening challenges for lenders as the world's third-largest economy looks headed toward another downturn.
TOKYO, May 15 Japan's Mizuho Financial Group forecast a more than four-fold profit rebound this financial year after posting its weakest annual results in a decade, hit by the cost of closing domestic branches and restructuring its securities portfolio.
TOKYO Japan's Mizuho Financial Group slashed its full-year profit outlook by 86 percent, citing one-time restructuring costs of 680 billion yen (4.63 billion pounds) at its bank and brokerage units and an overhaul of its securities portfolio.
TOKYO Japan's Mizuho Financial Group slashed its full-year profit outlook by 86 percent, citing one-time restructuring costs of 680 billion yen ($6 billion) at its bank and brokerage units and an overhaul of its securities portfolio.
* Mizuho has struggled with system trouble (Adds Moody's analyst comments)
TOKYO, March 6 Japan's Mizuho Financial Group on Wednesday slashed its full-year profit outlook by 86 percent, citing 680 billion yen ($6.1 billion) in one-time restructuring costs, including an overhaul of its securities portfolio.
LONDON, Dec 14 Japan's Mizuho Financial Group has won approval from Germany's financial regulator for a securities license for its Frankfurt-based European business, to ensure it can retain access to the region's markets when Britain exits the European Union.
TOKYO, Nov 28 Japan's Nikkei rose on Wednesday morning to more than a two-week high, with Line Corp extending gains on its partnership deal with Mizuho Bank and Tencent and shippers rallying on higher freight charges.
* LINE rallies on reports of alliances with Tencent, Mizuho Group
TOKYO Japanese mobile chat app operator Line Corp will tie up with Mizuho Financial Group Inc to establish a bank, a source with direct knowledge told Reuters on Tuesday, declining to be identified because the plan is not yet public.