Mizuho Financial Group, Inc.

8411

JP3885780001

Banks

Market Closed - Japan Exchange Other stock markets 07:00:00 30/04/2024 BST			5-day change	1st Jan Change
3,052 ^JPY	+1.80%		+1.09%	+26.51%

04-24	Financial Partners to Secure Bank Loans of Up to 16 Billion Yen	MT
04-23	Mori Trust REIT to Borrow 2.5 Billion Yen to Repay Debt	MT

Japanese bank Mizuho reports another system failure despite regulatory reprimand

December 30, 2021 at 11:43 am

TOKYO (Reuters) - Mizuho Financial Group's main banking arm reported a new system glitch on Thursday, causing a halt to some money transactions just a month after regulators reprimanded Japan's No. 3 lender for a series of technical system failures.

The latest glitch resulted from an error in system settings and affected automated teller machine and online banking operations for about an hour on Thursday afternoon, a Mizuho spokesperson said.

Mizuho's technical problems this year came despite a $3.6 billion overhaul of its systems in 2019 and prompted a reprimand from the Financial Services Agency (FSA) last month.

The group's CEO, chairman and the head of the main banking unit are all stepping down by April to take responsibility for the glitches.

(Reporting by Makiko Yamazaki; Editing by Susan Fenton)

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Chart Mizuho Financial Group, Inc.

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Company Profile

Mizuho Financial Group, Inc. is one of the Japanese largest financial services groups. The activity is organized around five sectors: - corporate banking; - advisory and financial services; - retail banking; - financing and investment banking; - asset management. At the end of March 2022, the group managed JPY 131,189.7 billion of current deposits and JPY 83,468.2 billion of current loans.

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Calendar

14/05/2024 - Q4 2023 Earnings Release

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Nikkei 225

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Analysis / Opinion

Interview : Lombard Odier, Mizuho Expand Onshore Collaboration In Japan

February 17, 2023 at 01:29 pm

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B-

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Sell

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Mean consensus

OUTPERFORM

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3,052 JPY

Average target price

3,138 JPY

Spread / Average Target

+2.82%

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Sector Other Banks

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Mizuho Financial Group, Inc.

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8411

JP3885780001

Banks

Japanese bank Mizuho reports another system failure despite regulatory reprimand

EPS Revisions