Mizuho Corporate Bank Head Office in Marunouchi, Tokyo

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]

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.[1] 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

See also

References

  1. ^ "Mizuho Bank Corporate Profile". Retrieved 18 March 2014.
  2. ^ Grosse, Robert E. (9 February 2009). The Future of Global Financial Services. John Wiley & Sons. ISBN 9781405142403.
  3. ^ "New York Fed Severs Tie with Bankrupt MF Global, Down to 21 Primary Dealers". Forbes.
  4. ^ "People's Daily Online -- Mizuho to incorporate, seek more lending in China".
  5. ^ "BPI, Japan bank sign deal". 3 December 2012.

External links