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Wednesday, March 27, 8:28 PM Japanese stocks trade lower as global markets await the scheduled reopening of banks in Cyprus. The Nikkei Average lost 0.3% to 12,457 with banks and autos among the weak spots: Mizuho Financial Group (MFG -1%), Sumitomo Mitsui Financial Group (SMFG -1.2%), and Shinsei Bank (SKLKY.PK -0.9%), Honda (HMC -0.8%), Mazda (MZDAY.PK -1.8%), and Toyota (TM -0.65%) and Nissan (NSANY.PK -0.5%). 1 Comment [Global & FX]
Tuesday, January 8, 7:58 PM Japanese stocks extend their losses again today, as further gains for the yen hit exporters and overnight losses in the U.S. weighed on the overall market. The Nikkei Average is currently down 0.6% at 10,445: Sharp (SHCAY.PK -2.4%), Suzuki Motor (SZKMY.PK -2.3%), Honda (HMC -2.7%), and Mazda (MZDAY.PK -3.5%), Sony (SNE -1.8%). Mitsubishi UFJ Financial Group (MTU -1.7%), Mizuho Financial Group (MFG -1.9%), and Nomura Holdings (NMR -2.1%). 1 Comment [Global & FX]
Friday, October 12, 2012, 3:29 AM Softbank (SFTBF.PK) is in negotiations with three major Japanese banks - Mizuho (MFG), Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) - about borrowing $23B to fund its bid for Sprint (S), Reuters reports. While Sprint is worth $17.3B, it also carries almost $15B of debt. Japanese investors have reacted with dismay to news of the talks, with Softbank's shares closing -17%. 9 Comments [Tech, Top Stories, On the Move, Consumer]
Tuesday, February 28, 2012, 7:15 PM Japanese stocks open higher in early trading on solid gains in the U.S. overnight. The Nikkei Average iss currently up +0.6% led by bank shares: Mitsubishi UFJ Financial (MTU -1.7%), Mizuho Financial (MFG +2.2%) and Resona Holdings (RSNHF.PK +1.2%) Comment! [Global & FX]
Wednesday, February 22, 2012, 7:26 PM Japanese stocks trade lower, with banks retreating in line with their U.S. peers after a raft of weak euro-zone data. The Nikkei Average is currently down 0.2% to 9,535: Mitsubishi UFJ Financial Group (MTU -0.20%), Mizuho Financial (MFG -1.2%), and Shinsei Bank (SKLKY.PK -1%). Comment! [Global & FX]
Wednesday, February 1, 2012, 7:47 PM Japanese shares are higher today on the back of strength in the U.S. markets overnight, but due to technical problems on the exchange, many shares have been left temporarily untraded. The Nikkei Average is currently up +0.8% to 8,884, with banks and auto makers among the leading gainers: Toyota (TM +2.7%), Honda (HMC +2.9%), Nomura (NMR +6.8%), Daiwa (DWA +3.7%), Mitsubishi UFJ (MTU +2%) and Mizuho (MFG +2%). 1 Comment [Global & FX]
Tuesday, January 17, 2012, 8:59 AM Well-capitalized banks, the near-record strength of the yen, and few avenues of growth at home mean Sumitomo's (SMFG) purchase of RBS's aircraft-leasing business might be the first of several European asset acquisitions by Japanese banks. Also, taking a close look at the stream of potential deals flowing through boardrooms is Mizuho Financial (MFG). Comment! [Global & FX, Financials, M&A]
Tuesday, January 10, 2012, 7:29 PM Japanese stocks are trading slightly higher today, buoyed by gains in the U.S. overnight. The Nikkei Average is currently up 0.34% with financials leading: Mizuho (MFG +0.9%), Sumitomo Mitsui Financial (SMFG +1.2%), Daiwa (DWA +0.4%) and Nomura (NMR +0.8%). Comment! [Global & FX]
Friday, January 6, 2012, 6:29 AM Bank of China and Mizuho Financial (MFG) are among the banks eyeing RBS (RBS) assets, sources say. RBS is reportedly seeking buyers for its cash equities, equity capital markets and M&A business globally. Comment! [M&A, Financials, Global & FX]
Thursday, January 5, 2012, 11:00 AM The IMF is conducting stress tests on Japanese banks to measure how they might fare with a drop in value of their massive JGB holdings. Of late, the IMF has joined the "widowmaker" trade, warning of the nosebleed levels of Japanese bond prices and the vulnerability of government finances should yields rise. Current 10-year yield: 0.985%. 1 Comment [Global & FX, Financials]
Tuesday, December 27, 2011, 11:02 AM Mizuho Financial (MFG) says it's open to buying Asian assets put up for sale by European banks as part of their desperate efforts to raise capital, but isn't interested in acquiring their Euro assets. The Japanese bank isn't merely worried about Europe's macro problems, but also about the potential for the yen/dollar swap market to freeze up during a crisis, the way it did following Lehman Brothers' collapse. Comment! [Financials, M&A]
Wednesday, December 21, 2011, 7:52 PM Japanese stocks trade lower in early action, the Nikkei off 0.4% with banks leading decliners: Mizuho (MFG -1%) and Nomura (NMR -0.8%). Comment! [Global & FX]
Tuesday, December 6, 2011, 7:25 PM Japanese stocks are higher in early trading, buoyed by strength in global markets overnight. The Nikkei Average gains 0.64% to 8,615, with financials leading: Mizuho (MFG +2%), Sumitomo Mitsui Financial Group (SMFG +1%), and Resona Holdings (RSNHF.PK +1.2%). Comment! [Global & FX]
Friday, November 11, 2011, 3:50 PM Mizuho Financial (MFG +1.6%) will cut 10% of its workforce, or 3K jobs as part of the necessary restructuring from the merger of its corporate and retial banking units. The bank hopes to cut expenses of the combined entity by about 5% to ¥760B ($9.8B) by 2015. Comment! [Global & FX, Financials]
Friday, November 4, 2011, 3:57 PM The FSB releases its list of 29 systemically important financial institutions (SIFI) following the G-20 meeting. These firms will face higher regulatory scrutiny and capital requirements. The usual suspects made the list, including Dexia, already under the blanket of a state rescue. The stock performance of this group in 2011 leaves a bit to be desired. Comment! [Global & FX, Financials]
Thursday, October 27, 2011, 8:21 PM Japanese stocks trade higher at the open, tracking an overnight rally on Wall Street and extending sharp gains from the previous session. The Nikkei Average gains 2.04% to 9,058 amid a broad-based rally. Technology shares and banks lead: Sony (SNE +5.43%), Sharp (SHCAF.PK +3.74%), Mitsubishi UFJ (MTU +5.74%), Mizuho Financial Group (MFG +3.70%) and Nomura (NMR +7.67%). Comment! [Global & FX]

MFG Mizuho Financial Group, Inc.

MFG

Mizuho Financial Group, Inc.