Banking Business Review
Anonymous User | Login

Mizuho To Raise Capital Base

Published: 30-Jun-2009

Bank of America, JPMorgan Chase, Mizuho Securities and Nomura Securities are underwriting the sale of common stock

Mizuho Financial Group (Mizuho) is planning to sell about $6.3 billion of common stock to investors this week, reported Bloomberg. The Japanese banking behemoth is joining a select league of banks that are raising equity capital, as stock markets regain some lost ground.

Mizuho’s smaller rival, Sumitomo Mitsui Financial is already raising capital. Daiwa Securities, which offers asset management, retail and wholesale securities and investment operations, is planning to sell more than $2 billion stock. Nomura Holdings and Mitsubishi UFJ Financial have also raised capital through a common stock sale.

Keisuke Yokoo, CEO of Mizuho, quoted in an interview to Bloomberg that Mizuho Securities, the investment banking arm of Mizuho, plans to appoint approximately 150 investment bankers in London. They would oversee the merger advisory activities and start share management and bond sales in Europe.

However, analysts are not convinced with Mizuho’s 'equity health' and are skeptical about how the bank is going to realise growth with the capital it raises. Mizuho posted nearly $6 billion loss for year ended March 31, after a steep decline in domestic stocks has eaten into its investments, and bad-loan charges soared.

Mail sent successfully

Tell your friend about this article


Please enter a valid email address

Please enter your name

Please enter the mail body


Your Name: *
Your Email: *
Friend's Email: *
Email Body: *
 

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Advent Software

Investment Management Applications ...

Agnitio

Voice Biometrics for Enterprise Security ...

All Media Banking

Solution Development ...

BBP

Comprehensive Outsourcing for Interbank Services, Compliance and Reconciliation ...

Clear2Pay

Regional Solutions for Global Payments ...

Crossing-Tech™

Banking Application Integration and Urbanisation ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

How Financial Firms Can Improve Business Integration Capabilities and Increase Straight-Through Processing Efficiency

This paper identifies some of the more common issues and challenges such as security and t ...

The Value of a Comprehensive Integration Solution

Many enterprises are currently spending more on integration-related projects than they nee ...

Business Collaboration Networks: Integral to the Success of the Enterprise

Without question, the development exerting the greatest influence on traditional business ...

Authentication and Signing: A Cryptomathic Business White Paper for Electronic Banking

As a leading security vendor to the financial sector, Cryptomathic have extensive experien ...

Law Enforcement Grade Voice Authentication For Enterprises

Agnitio offers technology for speaker verification and identification in financial service ...

How to Secure Online Banking from Man-in-the-Middle Attacks

Online banking has been steadily growing over the past decade. Almost every bank worldwide ...

Related Companies

Mizuho Financial Group, Inc.

The Mizuho Financial Group, Inc. (Mizuho) is a bank holding company. It operates and ma ...

Shinhan Financial Group Co., Ltd.

Shinhan Financial Group Co. Ltd. (SFG) is a financial holding company in Korea. Through ...

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is a holding company. The company is engage ...

Citigroup Inc.

Citigroup Inc. (Citigroup) is a diversified financial services holding company based in ...

Suppliers Product News

Munder Capital Turns to Advent Portfolio Exchange for Fixed-Income Capabilities

Advent Software, a leading provider of software and services for the global investment management industry, today announced that asset management firm, Munder Capital Management, has implemented Advent Portfolio Exchange® (APX). APX is Advent's industry-leading portfolio and client management platform. Based in Birmingham, Michigan, Munder has $21 billion in assets under management as of December 31, 2008.

Advent Software Expands Client Base in Middle East

Advent Software, a leading provider of software and services for the global investment management industry, today announced that the total number of clients in the Middle East region has exceeded 30, further demonstrating its growth and commitment to developing a strong business presence in the region.

Private Capital Management Streamlines Operations with Advent's Trading and Compliance Suite

Advent Software, a leading provider of software and services for the global investment management industry, today announced that Private Capital Management (PCM) has implemented its trading and compliance suite, comprised of Moxy® and Advent Rules Manager®.

Santander Signs Up for Clear2Pay's Open Payment Framework

New Interchange Service Centre aims to streamline group bank payments processing.

Crédit Agricole Implements Clear2Pay's Open Payment Framework (OPF)

CEDICAM, payments processor for the Crédit Agricole group opts for SOA technology for group-wide payments transactions.

Aquiline Capital Partners Leads €50 Million Investment Round in Clear2Pay

Clear2Pay positioned to expand its global payment services business through strategic acquisitions.

Free Newsletter Sign-up

Sign up, and we will send you a free Hang Seng Bank Limited - Financial and Strategic Analysis Review from GlobalData worth $750

Please enter a valid email address