Mizuho Financial Group Inc (8411.T) Key Developments | Reuters.com
United States

Mizuho Financial Group Inc (8411.T)

8411.T on Tokyo Stock Exchange

24 Jun 2016
Change (% chg)

¥-10 (-6.42%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

IBM says announced test of potential of blockchain for use in settlements with virtual currency
Thursday, 23 Jun 2016 07:30am EDT 

International Business Machines Corp : Announced thursday a test of potential of blockchain for use in settlements with virtual currency .Mizuho is working with newly-opened ibm bluemix garage in tokyo.  Full Article

Mizuho Financial Group Inc - Mizuho to face U.S. lawsuit over Mt Gox bitcoin losses -ruling - Reuters News
Tuesday, 15 Mar 2016 12:50pm EDT 

Mizuho Financial Group Inc:A U.S. lawsuit accusing Japan's Mizuho Bank of concealing problems at the now-bankrupt Tokyo-based Mt Gox bitcoin exchange can move forward, a federal judge in Chicago has ruled. - RTRS.U.S. District Judge Gary Feinerman rejected on Monday the bank's argument that the case belongs in Japan, finding that the hardship to the bank from trying the case in the United States would be no more than that "routinely tolerated by courts." Mizuho provided banking services for the exchange and handled all deposits for U.S. customers.It is part of Mizuho Financial Group Inc 8411.T, one of Japan's largest banks by assets.The proposed class action on behalf of the exchange's U.S. customers was filed in February 2014, the same month Mt Gox filed for bankruptcyafter losing an estimated half a billion dollars worth of customers' bitcoin digital currency.Once the world's largest exchange for bitcoins, Mt Gox blamed hackers for stealing the vanished currency.Customers agreed to settle their claims against Mt Gox in April 2014, reaching a deal with outside investors and creditors to receive a share of recovered assets.The lawsuit claimsMizuho inflated customers' losses by limiting withdrawals from their Mt Gox accounts in mid-2013, following reports of a U.S. government investigation into the exchange.At the same time, Mizuho continued to accept deposits from Mt Gox users, the lawsuit said.  Full Article

Mizuho Financial Group to issue corporate bonds
Thursday, 16 Jul 2015 10:30pm EDT 

Mizuho Financial Group Inc:To issue corporate bonds worth 300 bln yen through private placement, with subscription date on July 17 and payment date on July 24.The bonds are each with face value of 100 mln yen, issue price at 100 yen per face value of 100 yen, with no maturity date.Bonds interest rate at 2.75 pct per annum between July 25 and Dec. 15, 2020, and at six month Euro-yen LIBOR + 2.45 pct effective from Dec. 16, 2020.Mizuho Securities Co., Ltd. will serve as underwriter.  Full Article

Mizuho Financial Group to pay year-end dividend for FY 2015
Friday, 15 May 2015 02:30am EDT 

Mizuho Financial Group Inc:To pay year-end dividend of 4 yen per share, above latest dividend forecast of 3.5 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 4.  Full Article

Mitsubishi Estate Co Ltd to sell trust beneficiary right of property to Mizuho Financial Group
Thursday, 27 Nov 2014 02:00am EST 

Mitsubishi Estate Co Ltd:To sell trust beneficiary right of a property located in Tokyo to Mizuho Financial Group, at price of 159 bln yen.Planned effective Nov. 28.  Full Article

Japan's Mizuho sees assets shrinking on planned portfolio reshuffle

TOKYO, May 30 Mizuho Financial Group's $1.8 trillion of assets are set to shrink over the next three years as the lender plans to reduce holdings of mortgage loans and bonds to counter higher regulatory costs and ultra-low returns, its CEO said.