Mizuho Corporate Bank
Mizuho Corporate Bank, Ltd. (株式会社みずほコーポレート銀行, Kabushiki-gaisha Mizuho Kōporēto Ginkō), or MHCB, was the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate, prior to the reintegration of investment banking services under the Mizuho Bank name in July 2013.[1]
Type | public company KK (a Mizuho Financial Group company) |
---|---|
Industry | Financial services |
Fate | merged with Mizuho Bank |
Successor | Mizuho Bank |
Founded | 1893 |
Defunct | 2013 |
Headquarters | Tokyo, Japan |
Key people | Koji Fujiwara, President & CEO |
Revenue | $14.082 billion USD (FY 2005) |
Number of employees | 7,349 (2005) |
Parent | Mizuho Financial Group |
Subsidiaries | Mizuho Securities Co., Ltd. |
Website | Mizuho Corporate Bank |
History
MHCB was created in April 2002 by the merger of the Dai-Ichi Kangyo Bank and Fuji Bank's corporate and investment banking division with the Industrial Bank of Japan.[2] Backed by Mizuho Financial Group's credit ratings and financial solidity, MHCB was positioned as a major player in financial markets and among Japan's leading corporate and investment banks by market share. The brokerage arm Mizuho Securities was also a primary dealer in the U.S. Treasury securities market.[3] MHCB opened a branch in Wuxi, China in 2006 in a bid to support transactions with Japanese companies operating in the city.[4] The bank also had a branch in the Philippines, partnering with the Bank of the Philippine Islands.[5] In 2013, it merged with the former Mizuho Bank, with the unified institution being "Mizuho Bank".
Shareholders
- Mizuho Financial Group (100%)
References
- "Mizuho Bank Corporate Profile". Retrieved 18 March 2014.
- Grosse, Robert E. (9 February 2009). The Future of Global Financial Services. ISBN 9781405142403.
- https://www.forbes.com/sites/steveschaefer/2011/10/31/new-york-fed-severs-tie-with-bankrupt-mf-global-down-to-21-primary-dealers/#35c6efb43c5d
- http://en.people.cn/200612/05/eng20061205_328445.html
- http://business.inquirer.net/96383/bpi-japan-bank-sign-deal
External links